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Armenia, Iran negotiating gas pipeline construction

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  • Armenia, Iran negotiating gas pipeline construction

    Interfax
    April 21 2004

    Armenia, Iran negotiating gas pipeline construction

    Yerevan. (Interfax) - Yerevan is holding talks with Tehran on
    constructing a gas pipeline between Iran and Armenia to fully satisfy
    Armenia's internal demand for gas, President Robert Kocharian said at
    a Tuesday press conference.

    No other options are being discussed, because they could be
    problematic for Armenia, Kocharian said. "We are discussing this
    project only with the purpose to improve Armenia's energy security,"
    the president said.

    The construction of the second power transmission line is continuing.
    The line will make it possible to supply electricity to Iran in
    exchange for gas, while "other options are quite problematic,"
    Kocharian said.

    The signing of a final agreement on constructing a gas pipeline
    between Iran and Armenia is expected when Iranian Petroleum and Gas
    Minister Bijan Namdar-Zanganeh visits Yerevan in late May.

    The construction of the gas pipeline should begin in late 2004 and be
    finished in 2006.

    In line with agreements signed earlier, the Iran-Armenia gas pipeline
    is expected to be 141-kilometer long, and 100 kilometers of it will
    be located in Iran and 41 in Armenia. The project has been estimated
    at $120 million.
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