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Ambassador: Iran may offer Armenia new conditions on gas supplies

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  • Ambassador: Iran may offer Armenia new conditions on gas supplies

    Ambassador: Iran may offer Armenia new conditions on gas supplies

    March 15, 2014 | 19:22


    YEREVAN. - The Iranian side is doing everything to arrange the visit
    of president Hassan Rouhani to Armenia, Ambassador Mohammad Reisi told
    Armenian News-NEWS.amcorrespondent.

    Ambassador said president Rouhani's priority is relations with the
    neighboring states and he plans to visit the countries, in particular
    Armenia, that is of special priority for Iran.

    "I hope the visit will take place this year," he said.

    As to prospects for bilateral energy cooperation, Ambassador noted
    that the regular meeting of Armenian-Iranian inter-governmental energy
    committee is to take place to disucss the issues. Asked whether Iran
    can offer Armenia new conditions on gas supplies, the diplomat said:
    "It is possible. Everything depends on talks. The issue may be raised
    during the meeting of Armenia-Iran joint inter-governmental commission
    to be held in Tehran this May".

    Asked whether the sale of Vorotan Hydro Cascade to U.S. will affect
    Iran-Armenia energy cooperation, Mohammad Reisi said Iran's partner is
    Armenian government and the Iranian side has no relation to who
    purchased the Vorotan cascade.

    On January 29, Energy and Natural Resources Minister of Armenia, Armen
    Movsisyan, and ContourGlobal's Executive Vice President and CEO for
    Eastern Europe & CIS, Garry Levesley, signed an agreement on the sale
    of the Vorotan Hydro Cascade--which is a series of three hydroelectric
    power plants--to the US company.

    Under the terms of the agreement, ContourGlobal Hydro Cascade, a
    direct and wholly owned subsidiary of ContourGlobal, will supply power
    to the Armenian grid under a long-term power purchase agreement. It
    will also invest US$ 70 million over the next six years in a
    refurbishment program to modernize the plants and improve their
    operational performance, safety, reliability, and efficiency.

    http://news.am/eng/news/199166.html

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