Armenia to discuss buying 2 billion cubic meters of Iranian gas – minister

Armenia to discuss buying 2 billion cubic meters of Iranian gas – minister

YEREVAN, March 19. / ARKA /. Armenian energy and natural resources minister Armen Movsisyan said to the Armenian service of Radio Liberty Wednesday that he would discuss the possibility of purchasing 2 billion cubic meters of Iranian gas during his visit to Iran to attend a regular sitting of the Armenian-Iranian intergovernmental commission on economic cooperation.

During a meeting with reporters on Saturday, Iranian ambassador to Armenia, Mohammed Reisi, indicated that Tehran could offer to supply natural gas to Armenia on new, more beneficial terms.

In a 2013 December news conference, Reisi claimed that Yerevan did not seek to officially negotiate with Tehran over more large-scale gas supplies at a cheaper price.

The gas pipeline between Iran and Armenia was commissioned in 2007. In Armenia the Iranian gas is converted into electricity for export to Iran. 

In return for one cubic meter of gas Armenia exports 3 kWh of electricity. Under the agreement Iran is to supply 36 billion cubic meters in 20 years. The agreement can be prolonged by another five years. -0-

18:06 19.03.2014

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