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Iran, Armenia To Discuss Gas Purchase In Early 2014

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  • Iran, Armenia To Discuss Gas Purchase In Early 2014

    IRAN, ARMENIA TO DISCUSS GAS PURCHASE IN EARLY 2014

    Press TV, Iran
    Dec 18 2013

    Armenia Minister of Energy and Natural Resources Armen Movsisyan
    says Yerevan will be discussing the purchase of natural gas from Iran
    during an upcoming joint economic commission in early 2014.

    Movsisyan told a Tuesday parliament hearing that he had met with
    Iranian Ambassador to Yerevan Mohammad Raeisi over the purchase of
    natural gas from the Islamic Republic, Armenia's Arka news agency
    reported.

    The two sides agreed that Tehran and Yerevan hold talks on the price
    of Iran's natural gas during the bilateral commission on economic
    cooperation, which is expected to convene in January or February 2014,
    added Movsisyan.

    According to the Armenian minister, Tehran is ready to sell natural
    gas to Yerevan at USD 400 per 1,000 cubic meters, adding that the two
    neighboring countries have failed to reach an agreement on Iranian
    gas price since 2010.

    "Since we did not have other alternatives, we had to continue
    negotiations with the Russian side," said the Armenian minister,
    stressing, "Armenia has neither legal nor political obligation to
    purchase gas only from [Russia's] Gazprom."

    Iran has bartered more than 1.5 billion cubic meters of gas with
    Armenia's electricity over the past six years.

    The National Iranian Gas Company (NIGC) said recently that around
    1.5 billion cubic meters (bcm) of natural gas has been traded with
    Armenian electricity during the 2007 to 2012 period.

    Last year, the Islamic Republic exchanged some 481 million cubic meters
    (mcm) of gas with the neighboring country's electricity, the largest
    amount of bartering between Iran and Armenia in six years.

    In November, Movsisyan paid a visit to Tehran. He met with President
    Hassan Rouhani and his Iranian counterpart, Hamid Chitchian, during
    his stay.

    Movsisyan and Chitchian signed three agreements for the implementation
    of joint hydropower projects during their November talks in Tehran.



    From: Emil Lazarian | Ararat NewsPress
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