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Armenian sector of Iran-Armenia gas pipeline starts late November

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  • Armenian sector of Iran-Armenia gas pipeline starts late November

    RIA Novosti, Russia
    Nov 17 2004

    CONSTRUCTION OF ARMENIAN SECTOR OF IRAN-ARMENIA GAS PIPELINE TO START
    IN LATE NOVEMBER 2004


    YEREVAN, November 17 (RIA Novosti's Gamlet Matevosyan) - The
    construction of the Armenian sector of the Iran-Armenia gas pipeline
    will start in late November 2004, head of technical development and
    foreign relations department of the Armenian Energy Ministry Levon
    Vardanyan told journalists on Wednesday.

    According to him, the construction of the 42-km sector of the gas
    pipeline 700 mm in diameter will start with Megri-Kadzharan site. In
    compliance with the existing agreements, the Iranian side will
    finance the construction of this sector and the remaining sector
    between Yerevan and Ararat will be completed later, Mr. Vardanyan
    said.

    Armenia and Iran signed an agreement on the construction of the
    Iran-Armenia gas pipeline in Yerevan on May 13, 2004. According to
    this agreement, 36 billion cubic meters of Iranian gas will be
    supplied to Armenia over 20 years. Armenia will receive 1.1 billion
    cubic meters of Iran's natural gas annually and pay for these
    supplies with its electric energy.

    The construction of the 141-km long pipeline (41 km on Armenian
    territory and 100 km in Iran) will be completed in the end o 2006.
    According to preliminary calculations, Armenian and Iranian
    investments in the project will total $90 and $120 million
    correspondingly.

    The gas pipeline will link Tehran and Yerevan via the Megri section
    of the Armenian-Iranian border. Turkmenistan's gas will be delivered
    to Armenia via Iran on this pipeline.
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