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Armenia To Discuss Buying 2 Billion Cubic Meters Of Iranian Gas - Mi

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  • Armenia To Discuss Buying 2 Billion Cubic Meters Of Iranian Gas - Mi

    ARMENIA TO DISCUSS BUYING 2 BILLION CUBIC METERS OF IRANIAN GAS - MINISTER

    YEREVAN, March 19. / ARKA /. Armenian energy and natural resources
    minister Armen Movsisyan said to the Armenian service of Radio
    Liberty Wednesday that he would discuss the possibility of purchasing
    2 billion cubic meters of Iranian gas during his visit to Iran to
    attend a regular sitting of the Armenian-Iranian intergovernmental
    commission on economic cooperation.

    During a meeting with reporters on Saturday, Iranian ambassador to
    Armenia, Mohammed Reisi, indicated that Tehran could offer to supply
    natural gas to Armenia on new, more beneficial terms.

    In a 2013 December news conference, Reisi claimed that Yerevan did
    not seek to officially negotiate with Tehran over more large-scale
    gas supplies at a cheaper price.

    The gas pipeline between Iran and Armenia was commissioned in 2007. In
    Armenia the Iranian gas is converted into electricity for export
    to Iran.

    In return for one cubic meter of gas Armenia exports 3 kWh of
    electricity. Under the agreement Iran is to supply 36 billion cubic
    meters in 20 years. The agreement can be prolonged by another five
    years. -0-

    - See more at:
    http://arka.am/en/news/economy/armenia_to_discuss_buying_2_billion_cubic_meters_o f_iranian_gas_minister/#sthash.lZJPuXNn.dpuf



    From: Emil Lazarian | Ararat NewsPress
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