Iran to increase gas export to Armenia by 60% in 2018: NIGS chiefJune 18, 2018 - 11:36 AMT PanARMENIAN.Net - Chief Executive of the National Iranian Gas Company (NIGC) Hamid-Reza Araghi said that Iran’s gas export volume to Armenia will increase from one million cubic meters per day to 1.6 million cubic meters in 2018, Mehr News Agency reports. Iran and Armenia inked a barter gas and electricity contract in 2004, he said, adding that “under the deal, it was stipulated that one million cubic meters of gas will be exported to Armenia daily.” Commenting on the increase of Iran’s gas exports volume to Armenia, he said, “earlier, a contract for exporting Iran’s gas to Armenia was signed with the aim of bartering gas and electricity, based on which Armenia pledged to deliver three KW/hour electricity to Iran in exchange for each cubic meter delivery of gas from Iran.” Under the deal, it was agreed that Iran’s gas export volume to Armenia and dispatch of electricity from Armenia to the Islamic Republic should grow as of 2018, he maintained. Given the above, Iran’s export of gas to Armenia will increase from one million cubic meter to 1.6 million cubic meter daily. Elsewhere in his remarks, the deputy oil minister pointed to the electricity received from Armenia, and reiterated, “the electricity received from Armenia will be delivered to Iran Power Management, Transmission and Distribution Company (TAVANIR).” In tandem with Iran’s increased volume of gas to Armenia, the latter is able to generate electricity and deliver to the National Iranian Gas Company within the framework of rules and regulations, he concluded. Earlier, Behzad Babazadeh, Director of the National Iranian Company for International Affairs, revealed the presence of a high-ranking Armenian officials in Tehran in current week for negotiating new gas rates and increase of Iran’s gas export volume to Armenia. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Fly Arna license suspended, says Armenia official The license of the Armenian airline Fly Arna has been suspended for six months, an official says. President stresses Armenia’s clear position to achieve peace On the eve of the International Francophonie Day, the Armenian President met with French intellectuals. Pashinian meets border villagers on possible land transfer to Azerbaijan Prime Minister Nikol Pashinyan has met with concerned residents of two villages in Armenia’s northern Tavush province. Kazakh Foreign Minister arrives in Armenia Kazakh Foreign Minister Murat Nurtleu on Monday, March 18 arrived in Armenia for a two-day trip. |