YEREVAN, November 17 (RIA Novosti’s Gamlet Matevosyan) – The construction of the Armenian sector of the Iran-Armenia gas pipeline will start in late November 2004, head of technical development and foreign relations department of the Armenian Energy Ministry Levon Vardanyan told journalists on Wednesday.
According to him, the construction of the 42-km sector of the gas pipeline 700 mm in diameter will start with Megri-Kadzharan site. In compliance with the existing agreements, the Iranian side will finance the construction of this sector and the remaining sector between Yerevan and Ararat will be completed later, Mr. Vardanyan said.
Armenia and Iran signed an agreement on the construction of the Iran-Armenia gas pipeline in Yerevan on May 13, 2004. According to this agreement, 36 billion cubic meters of Iranian gas will be supplied to Armenia over 20 years. Armenia will receive 1.1 billion cubic meters of Iran’s natural gas annually and pay for these supplies with its electric energy.
The construction of the 141-km long pipeline (41 km on Armenian territory and 100 km in Iran) will be completed in the end o 2006. According to preliminary calculations, Armenian and Iranian investments in the project will total $90 and $120 million correspondingly.
The gas pipeline will link Tehran and Yerevan via the Megri section of the Armenian-Iranian border. Turkmenistan’s gas will be delivered to Armenia via Iran on this pipeline.
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