Iran-Armenia Gas Pipeline
Iran to start gas exports to Armenia by Oct. 13
Tehran Times Economic Desk
TEHRAN -- Iran will start gas exports to Armenia by October 13, the director of the gas export operation office of the National Iranian Gas Company (NIGC) said here on Sunday.
`Armenia also started electricity export to Iran on Sunday,' Rasoul Salmani added, IRINN reported.
`Iran plans to annually export some 1.1 billion cubic meters of gas to Armenia. In the first phase Iran will export less volume to Armenia but will increase the export volume gradually, and in 2019 will raise it to 2.3 billion cubic meters' he explained.
`In return Iran will annually import 3.3 billion kw/h of electricity from Armenia,' Rasuli stated.
Iran is expected to supply all of Armenia's gas needs within the next two years. The total outlay for the pipeline is about $28.2 million.
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