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Gazprom Claims Of Possible Retention Of Gas Price For Armenia In Exc

GAZPROM CLAIMS OF POSSIBLE RETENTION OF GAS PRICE FOR ARMENIA IN EXCHANGE FOR PARTICIPATION IN IRAN-ARMENIA GAS PIPELINE PROJECT

Moscow, December 27. ArmInfo. The Iran-Armenia gas pipeline is included
in the list of assets, during transfer of shares of which the Gazprom
is ready to retain the gas price for Armenia at the level of $110 per
1 thsd cub m till 2009, the deputy Chairman of Gazprom’s Governing
Board, Alexander Medvedev, said at the press-conference in Moscow.

To remind, the Gazprom had spread a pres-release on April 6, 2006,
about a strategic agreement, signed with RA Government, for 25 years.

On of the clause of the Agreement included the RA Government’s
commitment to sell the 40- km section of Iran-Armenia gas pipeline,
besides the fifth power unit of Hrazdan HPP, to "ArmRosgazprom" CJSC.

However, further the Gazprom removed all the mentions about the
pipeline from the official information. Moreover, the RA Prime
Minister, Andranik Margaryan, has also denied the information about
the transfer of the gas pipeline’s section to Russia, while the RA
Energy Minister, Armen Movsissyan, said the Iran-Armenia gas pipeline
will remain the RA Government’s property. However, the Gazprom had
informed at the end of April, 2006, that the Holding jointly with
the RA Government, resolved to create a working group to implement
the bilateral Agreement. The deputy Chairman of Gazprom’s Governing
Board, Alexander Ryazanov, has confirmed the Holding’s intention to
acquire the Iran-Armenia gas pipeline’s section.

The project of Iran-Armenia gas pipelines’ construction (extension
of 141 km, the pipe diameter of 700 mm ) in the Armenian territory
is estimated of $120 mln . The financing is carried out by Iran, in
exchange for which Armenia will supply electric energy to Iran. The
construction of the first Armenian section of Meghri-Kajaran gas
pipeline had vbeen started on November 30, 2004. The second section
of Kajaran-Sisian-Jermuk-Ararat pipeline will be built by the Iranian
"Sanir" Company. It is envisaged to put the gas pipeline into operation
in 2007.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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