ARMENIA SHOULD USE IRAN-ARMENIA ALTERNATIVE PIPELINE FULLY

Lragir, Armenia
Dec 12 2006

Michael Weinstein, head of the EBRD’s Resident Office in Yerevan,
stated December 12 that Armenia should use the advantage of the
alternative gas pipeline fully. He stated that the geographical
position of Armenia is favorable because it has an alternative supply
of gas, which separates Armenia from other countries which depend on
the Russian gas supply. Mr. Weinstein stated that Armenia should use
its favorable geographical position to have an alternative route of
gas supply.

He also stated that this circumstance makes Armenia more attractive
in terms of investments.