Land Work Continued on Armenian Section of Iran-Armenia Gas Pipeline

LAND WORK CONTINUED ON ARMENIAN SECTION OF IRAN-ARMENIA GAS PIPELINE

YEREVAN, APRIL 26. ARMINFO. Land work is being carried out on the
Armenian section of the Iran-Armenia gas pipeline, says the director
general of the High Voltage Power Transmission Lines company Sahak
Abrahamyan.

The work is carried out by Sanir (Iran) under Iranian financing. The
whole project is to be finished in 2 years. The pipeline is crucial
for Armenia’s energy security and is to diversify the country’s gas
inflow sources. Yerevan Thermal Power Plant is to order the gas paying
for it in electricity. The operator of the supplies will be
ArmRosgazprom, the client is HVPTL, general contractor Sanir.

The supplies will be started in 2007. Iran has lent Armenia $30 mln
for the Armenian section for 7.5 years at 5% and has pledged to supply
the country with 36 bln c m of gas in 20 years.