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Armenia to consume 20% of electricity generated from Iranian gas

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  • Armenia to consume 20% of electricity generated from Iranian gas

    Armenia to consume 20% of electricity generated from Iranian gas

    Interfax
    Sept 27 2004

    Yerevan. (Interfax) - Armenia plans to consume up to 20% of the
    electricity it generates from Iranian gas, Armen Movsesian, the
    Armenian energy minister, told reporters.

    Armenian officials earlier said Armenia would export all the
    electricity it generates with Iranian gas to Iran and, possibly,
    to Georgia.

    The Energy Ministry said it would export 3 kilowatt-hours of
    electricity to Iran for 1 cubic meters of gas received from Iran.

    Armenia and Iran have signed a $30-million credit agreement to finance
    the construction of the Armenian section of the Iran-Armenia gas
    pipeline. The pipeline is 141 km long, inducing 41 km in Armenia
    and 100 km in Iran. The total cost of the project is estimated at
    $210-$220 million. The pipeline is expected to be launched before
    January 1, 2007.

    Gas should start to arrive in Armenia from January 2007 and will
    be used at Armenian thermal power plants to produce electricity for
    export to Iran. Iran will supply 36 billion cubic meters of natural
    gas to Armenia over 20 years according to the document.
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