Iran-Armenia Gas Main To Be Opened Late In March

IRAN-ARMENIAN GAS MAIN TO BE OPENED LATE IN MARCH

Arka News Agency, Armenia
March 13 2007

YEREVAN, March 12. /ARKA/. The Iran-Armenia gas main is to be opened
late in March, RA Deputy Foreign Minister Gegham Gharibjanyan told
ARKA.

"The official ceremony is scheduled for the end of March," Gharibjanyan
said.

The gas main was to be commissioned last December, but the process
was later postponed until this spring.

The construction project is estimated at $120mln. The construction
of the first 40km-long section, Meghri-Kajaran, got under way on
November 30, 2004. The section section, Kajaran-Sisian-Jermuk-Ararat,
is being constructed by the Iranian "Sanir" company.

At the initial stage Armenia will receive 300-400mln cubic meters of
gas from Iran annually, with the volume to be increased to 2.3bln
cubic meters. Under an Armenian-Iranian agreement, Armenia is to
receive a total of 36bln cubic meters of natural gas during 20 years.

The agreement may be prolonged, with the gas supply volume to be
increased to 47bln cubic meters.