Armenia ready to discuss below-$189 gas price with Iran: Energy Minister

Armenia ready to discuss below-$189 gas price with Iran: Energy Minister

PanARMENIAN.Net - Iranian gas supplies will cost Armenia much more than Russia-provided gas, with Tehran seeking to sell gas at international prices, Energy Minister said.

As Armen Movsisyan stated in parliament, “though ready to provide necessary amounts of gas, Iran offers a price of $400 per 1000 cubic meters against Russia-offered $189, with the deal not beneficial to Armenia.” “Should Iran agree to lower the price to $100, I’m ready to start negotiations immediately,” the Armenian official said.

In conclusion, the minister noted that construction of Meghri hydropower plant may launch in 2014, with project work already completed.

 Top stories
Iran’s Alireza Kameli said that an average of one million cubic meters of natural gas is currently being exported to Armenia.
According to Minister Yervand Zakharyan, about $220 million will be invested in the project; the agreement will be signed within four months.
Maufacturing of tobacco products increased by 49.1% to AMD 94 bn, with production of jewelry also climbing 61% to AMD 18 bn.
Net inflow of remittances to Armenia in the reporting period amounted to approximately $891,4 million, down by 35.8% remitted in 2014.
Partner news