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Gazprom submits proposals for Armenia-Iran pipe construction

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  • Gazprom submits proposals for Armenia-Iran pipe construction

    Prime-Tass English-language Business Newswire
    March 30, 2005

    Gazprom submits proposals for Armenia-Iran pipe construction


    YEREVAN, Mar 30 (Prime-Tass) -- Russian natural gas monopoly Gazprom
    has submitted its proposals for participating in the construction of
    the second stretch of the Armenia-Iran gas pipeline, Armenia's Energy
    Minister Armen Movsisyan told reporters Wednesday.

    The proposals on the construction of the Kadzharan-Ararat stretch
    were submitted by Gazprom's Deputy Chairman Alexander Ryazanov during
    his visit to Armenia last week, Movsisyan said.

    Construction of the Armenia-Iran pipeline is expected to be completed
    by January 2007. A 41-kilometer stretch of the pipeline runs across
    Armenian territory.

    ArmRosgazprom is building the pipeline. Gazprom and the Armenian
    government each hold 45% stakes in ArmRosgazprom, while Russian
    independent gas producer Itera holds a 10% stake.
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