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Armenia swaps pipeline for cheaper gas

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  • Armenia swaps pipeline for cheaper gas

    NewKerala.com, India
    April 8 2006

    Armenia swaps pipeline for cheaper gas


    YEREVAN, Armenia: Armenia agreed to surrender a small but crucial
    section of a natural gas pipeline to Russia in exchange for
    discounted imports of natural gas.

    The discounts, which will last until 2009, come in exchange for
    letting OAO Gazprom buy a 24-mile stretch of a gas pipeline
    connecting Armenia and Iran, the New York Times reported Friday.

    Gazprom also was granted a concession to build a larger second
    pipeline along the 24-mile route.
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