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Yerevan, Teheran sign treaty on building gas pipeline

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  • Yerevan, Teheran sign treaty on building gas pipeline

    Yerevan, Teheran sign treaty on building gas pipeline
    By Tigran Liloyan

    ITAR-TASS News Agency
    May 12, 2004 Wednesday

    YEREVAN, May 13 -- A basic treaty on construction of a gas pipeline
    from Iran to Armenia will be signed in the Armenian capital on
    Thursday. For this purpose, Iranian Oil and Gas Minister Bijan Zanganeh
    arrives in Yerevan, Tass learnt on Thursday from press service head
    of the Armenian Energy ministry Lusine Arutyunyan. The Iranian guest
    will be received by President Robert Kocharyan and Prime Minister
    Andranik Margaryan.

    The project provides for laying down a 100-kilometer gas pipeline along
    the Iranian territory and 41 kilometers in Armenia. The pipeline will
    pump daily 1.5 million cubic meters of Turkmen gas. The approximate
    cost of the project is 96 million U.S. dollars.

    According to Armenian Energy Minister Armen Movsesyan, it is planned
    to start construction within this year and to complete tentatively
    in 2006.

    The gas pipeline from Iran is to be built only to meet domestic needs
    of Armenia, Kocharyan emphasized. According to the president, any
    other direction of the pipeline, for instance to Europe, is not under
    discussion, since this will raise problems for the republic. "We regard
    this project as a serious question for Armenian energy security,"
    the president underlined.

    Besides, the republic is now building the second high-voltage power
    transmission line which will, apart from boosting power flow to
    Iran, be used for selling power, generated in Armenia, in exchange
    for deliveries of Iranian gas. According to the president, "this is
    profitable business".

    From: Emil Lazarian | Ararat NewsPress
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