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Iran, Armenia finalize gas accord

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  • Iran, Armenia finalize gas accord

    IranMania News
    April 3 2004

    Iran, Armenia finalize gas accord


    TEHRAN, April 2 (IRIB) - Negotiations with Iran regarding the
    construction of a gas pipeline to Armenia reached the final stage,
    Armenian Energy Minister Armen Movsesyan said.

    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 Armeniain
    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.
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