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Russia's Gazprom drops plans to bid for Iran gas field development

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  • Russia's Gazprom drops plans to bid for Iran gas field development

    Russia's Gazprom drops plans to bid for Iran gas field development

    ITAR-TASS News Agency
    November 12, 2004 Friday 2:49 AM Eastern Time

    MOSCOW, November 12 -- Russia's company Gazprom has dropped plans to
    take part in biddings for the construction of facilities at Iran's
    South Pars gas field.

    A member of Gazprom's law department, Sergei Kuznetsov, said "we
    have held preliminary talks, have taken a look at the economy of the
    project and have passed the decision not to send a binding bid for
    the participation in the tender".

    He added that Gazrpom was interested in Armenia's energy projects.

    In particular Gazprom is considering a possibility of taking part
    in the construction of a gas pipeline from Iran to Armenia and in
    privatisation of Georgia's stretches of gas pipelines linking Russia
    and Armenia.

    If terms of denationalisation in Georgia suit Gazprom, the company
    will find it promising to take part in privatisation of a mains gas
    pipeline and gas distribution companies, Kuznets said.

    This is "important for Gazprom, as these gas pipelines link Russia
    with Armenia", PRIME-TASS quoted him as saying.
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