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Armenia increases import of natural gas from Iran to 42% in H1/2012

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  • Armenia increases import of natural gas from Iran to 42% in H1/2012

    Armenia increases import of natural gas from Iran to 42% in first half of 2012

    arminfo
    Wednesday, August 22, 17:06


    Armenia increased import of natural gas from Iran in the first half of
    2012 by 42% to 239 million cu m versus 168.38 mln cu m for the same
    period of 2011, the Public Services Regulatory Commission of Armenia
    reports.

    Import of Iranian gas to Armenia grew 15% to 460 million cu m in 2011
    versus 400 million in 2010. Gas is supplied to Yerevan
    Thermoelectrocentral CJSC in exchange for electricity - 1cu m of gas
    per 3kWh electricity. Under a relevant agreement, Iran can supply up
    to 1.1 billion cu m of gas to Armenia (nearly 3 mln cu m daily), and
    up to 2.3 bln cu m starting 2014. Armenia was to supply surplus
    electricity to the neighboring Turkey and Georgia, but the country has
    not yet supplied electric power to those countries. In addition,
    Armenia purchases not large volumes of cheap electricity from Georgia
    in specific seasons.

    Armenia imported 1.257 bln cu m of gas in the first half of 2012 in
    total versus 1 billion cu m for the same period of 2011. Import from
    Russia totaled 1.018 bln cu m in the first half and grew 22.37% versus
    the same period of 2011.

    The sole supplier of gas to Armenia is ArmRusgasprom CJSC. Gazprom
    OJSC holds an 80pct stake in the company, with the remaining 20pct
    belonging to the government.



    From: Emil Lazarian | Ararat NewsPress
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