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Armenia Gas Price May Go Up With Pipeline

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  • Armenia Gas Price May Go Up With Pipeline

    ARMENIA GAS PRICE MAY GO UP WITH PIPELINE

    Earthtimes.org
    March 12 2007

    YEREVAN, Armenia, March 12 Gas tariffs in Armenia may rise by $16
    per 1,000 cubic meters if Yerevan invests in the second section of
    the Iran-Armenia gas pipeline, an expert said.

    The comments by Robert Nazaryan, chairman of Armenia's public services
    regulatory commission, came Monday as he was endorsing the Hayrusgazard
    investment program for 2007-09, which is worth $193 million. The
    comments were reported by the Arminfo news agency.

    He said the costs might be less if Armenia's supply of 3 kW of
    electricity for 1 cu.m. of gas from Iran was taken into account.

    He noted, however, that the investment was needed to ensure Armenia's
    energy security. Hayrusgazard plans to invest $93 million to increase
    the capacity of the pipeline's section running from Kajaran to Ararat,
    Arminfo reported.

    Work on the 120-mile pipeline began last year.

    From: Emil Lazarian | Ararat NewsPress
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