Armenia to consume 20% of electricity generated from Iranian gas

Interfax
Sept 27 2004

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.