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Gazprom in Iran-Armenia gas pipeline

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  • Gazprom in Iran-Armenia gas pipeline

    PRESS TV, Iran
    June 7 2008



    Gazprom in Iran-Armenia gas pipeline
    Sat, 07 Jun 2008 12:40:22


    The Russian energy giant Gazprom will invest more than 200 million
    dollars in the construction of the Iran-Armenia gas pipeline.

    The Russian gas giant will invest the sum in the Iran-Armenia gas
    project by the end of 2009, Armenia's Minister of Energy and Natural
    Resources, Armen Movsisyan, said Friday.

    Once completed, the 140-km pipeline would provide Armenia with an
    alternative to the gas it now imports from Russia. For each cubic
    meter of Iranian gas, Armenia is scheduled to return 3 kilowatt hours
    of electric energy to Iran.

    The remarks by Movsisyan come as Tehran plays host to a delegation
    from Gazprom today to continue talks on joint energy projects.

    Gazprom's Chief Executive Officer, Alexei Miller, traveled to Iran in
    February and held talks with Iranian Oil Minister Gholam-Hossein
    Nozari.

    Iran holds the second largest gas reserves in the world after Russia.
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