ARMENIA GAS PRICE MAY GO UP WITH PIPELINE

Earthtimes.org
March 12 2007

YEREVAN, Armenia, March 12 Gas tariffs in Armenia may rise by $16
per 1,000 cubic meters if Yerevan invests in the second section of
the Iran-Armenia gas pipeline, an expert said.

The comments by Robert Nazaryan, chairman of Armenia’s public services
regulatory commission, came Monday as he was endorsing the Hayrusgazard
investment program for 2007-09, which is worth $193 million. The
comments were reported by the Arminfo news agency.

He said the costs might be less if Armenia’s supply of 3 kW of
electricity for 1 cu.m. of gas from Iran was taken into account.

He noted, however, that the investment was needed to ensure Armenia’s
energy security. Hayrusgazard plans to invest $93 million to increase
the capacity of the pipeline’s section running from Kajaran to Ararat,
Arminfo reported.

Work on the 120-mile pipeline began last year.

From: Emil Lazarian | Ararat NewsPress