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Armenia-Iran gas pipeline requires 140m dollars - Russian company

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  • Armenia-Iran gas pipeline requires 140m dollars - Russian company

    Armenia-Iran gas pipeline requires 140m dollars - Russian company official

    Noyan Tapan news agency
    19 Jul 04

    YEREVAN

    The Russian company Gazprom has completed a feasibility study for a
    gas pipeline from Iran to Armenia, Aleksandr Ryazanov, deputy chairman
    of the company's board, told journalists on 19 July. Prior to that,
    Ryazanov held a meeting with Armenian President Robert Kocharyan to
    discuss future cooperation between Gazprom and Armenia.

    Ryazanov said that under their proposal it will take about nine years
    for any pay off from the gas pipeline to be felt. "Some sources of
    financing have now emerged and once we decide on them, we will have no
    problems with the construction," he said. About 140m dollars are
    needed to build it. He said that the construction could either be
    funded from interstate credits or at the expense of Russia. It is
    possible of course that the pipeline will be constructed at the
    expense of Gazprom, but the company sets "tough conditions". The
    construction of the Armenia-Iran pipeline is of strategic importance
    as the gas pipeline going through Georgia is in a bad technical
    condition and is in need of repairs," Ryazanov said.

    He said that an agreement had been reached with Armenian President
    Robert Kocharyan to continue working on the document about the gas
    pipeline. A Gazprom delegation is expected to arrive in Armenia soon
    to discuss specific issues regarding the project.

    An Armenian-Russian intergovernmental agreement on cooperation in the
    gas industry will be probably drawn up soon.

    From: Emil Lazarian | Ararat NewsPress
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