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Iran Begins Gas Export To Armenia: NIGEC Managing Director

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  • Iran Begins Gas Export To Armenia: NIGEC Managing Director

    IRAN BEGINS GAS EXPORT TO ARMENIA: NIGEC MANAGING DIRECTOR

    Zawya.com
    http://www.zawya.com/Story.cfm /sidZAWYA20090514055602/Iran%20begins%20gas%20expo rt%20to%20Armenia:%20NIGEC%20managing%20director
    M ay 14 2009

    TEHRAN -- National Iranian Gas Export Company Managing Director
    Seyyed Reza Kasaiizadeh announced that Iran started the exportation
    of natural gas to Armenia on Wednesday.

    High ranking officials from both countries attended the Iran-Armenia
    gas pipeline inauguration ceremony, SHANA reported.

    According to the deal signed in May 2004, Armenia will pay for the
    gas with electricity it produces at a Soviet-era nuclear power plant.

    Based on the agreement Iran is supposed to transfer 3 million cubic
    meters of gas per day to Armenia by the end of 2010, and from the
    beginning of 2011 raise this volume up to 4 million cubic meters
    per day.

    The volume of gas exports could gradually rise to 6.3 million cubic
    meters per day.

    In exchange, Armenia will pay 3 kilowatt/hours of electricity for
    each cubic meter of the Iranian gas.

    The NIGEC managing director said the pipeline has a diameter of
    30 inches and runs for 113 kilometers from Tabriz, East Azerbaijan
    Province to the Iran-Armenia border.

    The two countries had originally agreed to finalize the project in
    January 2007, but the Armenians later said they were not ready.
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