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Armenia signs agreement on gas supplies with Iran
WORLD/CIS » :: May 14, 2004 Posted: 13:47 Moscow time (09:47 GMT)
YEREVAN - Managing Director of the National Iranian Gas Company (NIGC)
Roknoddin Javad and General Director of the Yerevany Power Station Ovakim
Ovanessian have signed an agreement on gas supplies to Armenia, Arminfo news
agency reported.
According to Armenian Energy Minister Armen Movsisian, Armenia and Iran will
construct a pipeline in two years and make it operational before January 1,
2007. Iran has agreed to deliver not less than 1.1bn cubic meters of natural
gas to Armenia. Armenia is to pay for gas with electric energy supplies. The
construction of the Armenian part of the pipeline linking the city of Megri
with Yerevan with a length of 100 km is estimated at $96m-$100m. The Iranian
41-km part of the pipeline is estimated at $120m. Each of the two countries
is responsible for constructing its part of the pipeline. The minister
declined to comment on possible sources of financing the construction. His
Iranian counterpart Bijan Namdar-Zanganeh declined to name the agreed price
of gas supplies. He stressed that under the 20-years agreement Iran was to
deliver 36bn cubic meters of gas to Armenia. According to some data, the
cost of gas supplies is agreed at $84 per 1,000 cubic meters.
The Armenia-Iran intergovernmental agreement covering the route of the
141-km pipeline was signed in 1995. /RosBusinessConsulting/
Armenia signs agreement on gas supplies with Iran
WORLD/CIS » :: May 14, 2004 Posted: 13:47 Moscow time (09:47 GMT)
YEREVAN - Managing Director of the National Iranian Gas Company (NIGC)
Roknoddin Javad and General Director of the Yerevany Power Station Ovakim
Ovanessian have signed an agreement on gas supplies to Armenia, Arminfo news
agency reported.
According to Armenian Energy Minister Armen Movsisian, Armenia and Iran will
construct a pipeline in two years and make it operational before January 1,
2007. Iran has agreed to deliver not less than 1.1bn cubic meters of natural
gas to Armenia. Armenia is to pay for gas with electric energy supplies. The
construction of the Armenian part of the pipeline linking the city of Megri
with Yerevan with a length of 100 km is estimated at $96m-$100m. The Iranian
41-km part of the pipeline is estimated at $120m. Each of the two countries
is responsible for constructing its part of the pipeline. The minister
declined to comment on possible sources of financing the construction. His
Iranian counterpart Bijan Namdar-Zanganeh declined to name the agreed price
of gas supplies. He stressed that under the 20-years agreement Iran was to
deliver 36bn cubic meters of gas to Armenia. According to some data, the
cost of gas supplies is agreed at $84 per 1,000 cubic meters.
The Armenia-Iran intergovernmental agreement covering the route of the
141-km pipeline was signed in 1995. /RosBusinessConsulting/