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Iran-Armenia gas supplies through pipe may increase

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  • Iran-Armenia gas supplies through pipe may increase

    Iran-Armenia gas supplies through pipe may increase

    16.07.2004 12:02:00 GMT

    Moscow. (Interfax) - The amount of gas being supplied to Armenia under
    a bilateral agreement to build a pipeline between the two countries
    may be increased by over 30% from 36 billion cubic meters to 47 bcm
    during the 20-year contract term, Armenian Energy Minister Armen
    Movsisian told journalists.

    He said that initially the Iran-Armenia gas pipeline would pump 1.1
    billion cubic meters of gas per year, which will increase to 2.3 bcm
    at the end of the contract.

    He also said that the contract might be extended by five years - from
    20 to 25 years.

    Iranian Ambassador to Armenia Mohammad Farhad Koleini was quoted as
    saying earlier that trade between Iran and Armenia arising from the
    agreement to build and operate the pipeline will amount to $10 billion
    over the next 20-25 years.


    Armenia and Iran signed an agreement on May 13 for the construction of
    a pipeline between the two countries. The pipeline is 141 km long,
    inducing 41 km in Armenia and 100 km in Iran. The total cost of the
    project is estimated at $210-$220 million.

    Gas should start to arrive in Armenia from January 2007 and will be
    used at Armenian thermal power plants to produce electricity for
    export to Iran.
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