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Armenia, Iran to sign gas pipeline agreement

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  • Armenia, Iran to sign gas pipeline agreement

    Armenia, Iran to sign gas pipeline agreement

    Interfax
    May 13 2004

    Yerevan. (Interfax) - Armenia and Iran will sign an agreement
    in Yerevan on Thursday on the construction of a gas pipeline,
    Artashes Tumanian, who is co-chairman of the Armenian-Iranian
    Intergovernmental Economic Commission and head of the Armenian
    presidential administration, told the press.

    He made the statement after negotiations with Iranian Petroleum
    Minister Bijan Namdar-Zanganeh.

    The project will upgrade political and economic relations, Tumanian
    said. It is also important for the energy security of Armenia.
    Tumanian did not say how much Iranian gas would cost, but noted that
    the supplies would be repaid with Armenian electricity.

    It is planned to build the pipeline within 1.5 years, Tumanian said,
    without specifying the project cost or supply amounts. He said that
    companies from third countries might be financially or technically
    involved in the project.

    As for laying a gas pipeline to Europe across Armenia, Tumanian said
    the current task is to provide Armenia with natural gas, and further
    developments will depend on political factors.
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