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Azerbaijan, Iran plan reciprocal gas exports in Sep 2005

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  • Azerbaijan, Iran plan reciprocal gas exports in Sep 2005

    Azerbaijan, Iran plan reciprocal gas exports in Sep 2005

    Prime-Tass English-language Business Newswire
    September 2, 2004

    BAKU, Sept 2 (Prime-Tass) -- Azerbaijan and Iran plan to start
    reciprocal exports of natural gas next September, the President
    of Azeri state gas company Azerigaz Alikhan Melikov told reporters
    Thursday.

    According to this plan Azerbaijan is to get 50 million cubic meters
    of natural gas from Iran by the end of 2005 and 250 million cubic
    meters of gas in 2006, while in 2008 gas exports to Azerbaijan are
    forecast at 350 million cubic meters. This gas is to be supplied to
    Nakhichevan, an autonomous republic which is separated from Azerbaijan
    by Armenia, which has a demand for natural gas of 350 billion cubic
    meters per year.

    Azeri gas exports to Iran are seen 15% higher than Iran's gas exports
    to Azerbaijan.

    Melikov said that USD 20 million are to be spent on construction of
    a 43-kilometer pipeline from Nakhichevan to Dzhulfa, a town on the
    Iranian border, which will link the pipeline systems of both countries.

    Another USD 17 million are to be spent on construction of gas
    compressor stations, gas distribution stations, and other facilities
    in Azerbaijan.

    In the Soviet era natural gas supplies to Nakhichevan went through
    Armenia, but they halted in 1992 due to a conflict between the two
    countries. End

    From: Emil Lazarian | Ararat NewsPress
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