Prime-Tass English-language Business Newswire
March 30, 2005

Gazprom submits proposals for Armenia-Iran pipe construction

YEREVAN, Mar 30 (Prime-Tass) — Russian natural gas monopoly Gazprom
has submitted its proposals for participating in the construction of
the second stretch of the Armenia-Iran gas pipeline, Armenia’s Energy
Minister Armen Movsisyan told reporters Wednesday.

The proposals on the construction of the Kadzharan-Ararat stretch
were submitted by Gazprom’s Deputy Chairman Alexander Ryazanov during
his visit to Armenia last week, Movsisyan said.

Construction of the Armenia-Iran pipeline is expected to be completed
by January 2007. A 41-kilometer stretch of the pipeline runs across
Armenian territory.

ArmRosgazprom is building the pipeline. Gazprom and the Armenian
government each hold 45% stakes in ArmRosgazprom, while Russian
independent gas producer Itera holds a 10% stake.