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Armenia After Increasing Gas Imports from Iran

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  • Armenia After Increasing Gas Imports from Iran

    Tasnim News Agency, Iran
    Nov 10 2013

    Armenia After Increasing Gas Imports from Iran

    November 05, 2013 - 14:31


    TEHRAN (Tasnim) - Visiting Armenian Energy Minister Armen Movsisyan
    said Tuesday he is in Tehran for talks on increasing gas imports from
    Iran.
    Print

    The Armenian minister told the Tasnim News Agency that increasing gas
    imports from Iran and development of bilateral relations in the energy
    sector will be the main areas of talks with the Iranian oil minister.

    The Armenian energy minister on Tuesday morning met and conferred with
    his Iranian counterpart Hamid Chitchian.

    The two ministers exchanged ideas on power generation and connection
    of the regional countries electricity networks.

    The Armenian government is also building a second, bigger highway
    leading to the Iranian border in the hope of boosting trade with Iran.

    Iran exports natural gas to Turkey, Armenia, and Azerbaijan, and
    receives pipeline imports from Turkmenistan and the Republic of
    Azerbaijan. Since 2000, Iran's annual natural gas imports have
    exceeded its exports in all but two years (2010 and 2012). In 2011 and
    2012, Iran accounted for less than 1 percent of global dry natural gas
    imports and exports, a small figure considering the country's vast
    reserves.

    Iran is particularly dependent on imports during winter months, when
    residential heating demand peaks during colder weather.

    In 2004, the Armenian government initiated construction of
    Iran-Armenia gas pipeline.

    The pipeline started operating in 2007. Armenia uses Iranian gas for
    generating electricity, which is sent to Iran - 3kilowatt/hour for 1
    cubic meter of natural gas. Under the agreement, Iran will send 36
    billion cubic meters of natural gas to Armenia for 20 years. The
    terms of the agreement can be prolonged for five years and gas import
    can be increased to 47 billion cubic meters.

    Armenia used the majority of the approximately 1.25 million cubic
    meters per day of Iranian natural gas it imported to produce
    electricity at the Hrazden power plant. Initially, Armenia was to
    receive 3 million cubic meters per day of gas from Iran, with volumes
    slated to increase to 6.2 million meters by 2019 as part of the
    ongoing 20-year contract agreed to in May 2004. However, reported
    volumes have thus far failed to reach these targets.

    http://www.tasnimnews.com/English/Home/Single/184682

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