Iran started supplying gas to Armenia

May 14, 2009 - 19:51 AMT
PanARMENIAN.Net - Iran has started delivering gas to Armenia in exchange for electric power supply, Press Service of Energy and Natural Resources Ministry reports.



According to the report, the Iranian delegation headed by Director of National Gas Export Company Sayyed Reza was on a visit to Armenia from 11 to 13 May. The goal of the visit was the launch of "Gas for Electric Power" project.



During the meeting, group members introduced discussion reasults. Parties signed four-way agreement on "Coordinating the Process of Exchanging Electric Power for Gas".



Armenian signatories to the document were Heads of Yerevan Thermo Electric Station CJSC and Vorotan Cascade Hydro Power Station. The Iranian signatories were Heads of National Gas Export Company and Tavanir company.



In 2004, RA Government launched Iran-Armenia gas pipeline construction with the purpose of extending natural gas supply resources and opening second technological route to Armenia.



So far, Armenia has received only Russian gas via transit route in Georgia. Monopoly right for gas delivery and consumption belonged to Armrosgazprom CJSC.
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