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Armenia, Iran to sign gas pipeline accord early April

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  • Armenia, Iran to sign gas pipeline accord early April

    Payvand, Iran
    March 31 2004

    Armenia, Iran to sign gas pipeline accord early April

    Yerevan, March 30, Itar-Tass/ACSNA/IRNA -- Negotiations with Iran
    regarding the construction of a gas pipeline to Armenia reached the
    final stage, Armenian Energy Minister Armen Movsesyan said on
    Tuesday.

    The sides have already reached accords on the main technical
    parameters of the pipeline.

    Iranian oil minister is expected to arrive in Yerevan in early April
    to sign an agreement on building of a gas pipeline, Movsesyan said.

    According to the minister, the construction, due to begin later this
    year, will last 20 months and to be completed in 2006. Either country
    will be fully responsible for laying its stretch of the pipeline.

    According to preliminary estimates, the Armenian section will cost
    dlrs 100 million to lay, and the Iranian stretch, slightly more.

    According to the draft agreement, Iran will deliver gas to Armenia in
    amounts sufficient only for the country`s domestic consumption,
    Movsesyan said.

    The question of extending the pipeline farther to carry Iranian gas
    to Europe was not considered, contrary to allegations by some mass
    media.

    The gas pipeline from Iran will ensure continuous gas supply to
    Armenia and enhance its energy security. So far Armenia has received
    gas by the sole pipeline from Russia.
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