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Gazprom Claims Of Possible Retention Of Gas Price For Armenia In Exc

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  • Gazprom Claims Of Possible Retention Of Gas Price For Armenia In Exc

    GAZPROM CLAIMS OF POSSIBLE RETENTION OF GAS PRICE FOR ARMENIA IN EXCHANGE FOR PARTICIPATION IN IRAN-ARMENIA GAS PIPELINE PROJECT

    Moscow, December 27. ArmInfo. The Iran-Armenia gas pipeline is included
    in the list of assets, during transfer of shares of which the Gazprom
    is ready to retain the gas price for Armenia at the level of $110 per
    1 thsd cub m till 2009, the deputy Chairman of Gazprom's Governing
    Board, Alexander Medvedev, said at the press-conference in Moscow.

    To remind, the Gazprom had spread a pres-release on April 6, 2006,
    about a strategic agreement, signed with RA Government, for 25 years.

    On of the clause of the Agreement included the RA Government's
    commitment to sell the 40- km section of Iran-Armenia gas pipeline,
    besides the fifth power unit of Hrazdan HPP, to "ArmRosgazprom" CJSC.

    However, further the Gazprom removed all the mentions about the
    pipeline from the official information. Moreover, the RA Prime
    Minister, Andranik Margaryan, has also denied the information about
    the transfer of the gas pipeline's section to Russia, while the RA
    Energy Minister, Armen Movsissyan, said the Iran-Armenia gas pipeline
    will remain the RA Government's property. However, the Gazprom had
    informed at the end of April, 2006, that the Holding jointly with
    the RA Government, resolved to create a working group to implement
    the bilateral Agreement. The deputy Chairman of Gazprom's Governing
    Board, Alexander Ryazanov, has confirmed the Holding's intention to
    acquire the Iran-Armenia gas pipeline's section.

    The project of Iran-Armenia gas pipelines' construction (extension
    of 141 km, the pipe diameter of 700 mm ) in the Armenian territory
    is estimated of $120 mln . The financing is carried out by Iran, in
    exchange for which Armenia will supply electric energy to Iran. The
    construction of the first Armenian section of Meghri-Kajaran gas
    pipeline had vbeen started on November 30, 2004. The second section
    of Kajaran-Sisian-Jermuk-Ararat pipeline will be built by the Iranian
    "Sanir" Company. It is envisaged to put the gas pipeline into operation
    in 2007.

    From: Emil Lazarian | Ararat NewsPress
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