YEREVAN (Interfax) — Armenia plans to consume up to 20% of the electricity it generates from Iranian gas, Armen Movsesian, the Armenian energy minister, told reporters.
Armenian officials earlier said Armenia would export all the electricity it generates with Iranian gas to Iran and, possibly, to Georgia.
The Energy Ministry said it would export 3 kilowatt-hours of electricity to Iran for 1 cubic meters of gas received from Iran.
Armenia and Iran have signed a $30-million credit agreement to finance the construction of the Armenian section of the Iran-Armenia gas pipeline. The pipeline is 141 km long, inducing 41 km in Armenia and 100 km in Iran. The total cost of the project is estimated at $210-$220 million. The pipeline is expected to be launched before January 1, 2007.
Gas should start to arrive in Armenia from January 2007 and will be used at Armenian thermal power plants to produce electricity for export to Iran. Iran will supply 36 billion cubic meters of natural gas to Armenia over 20 years according to the document.
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