Ceremony of Iran-Armenia Gas Line’s Putting Into Operation to Be Held in
Armenia Today
Arminfo
2007-03-19 12:46:00
Ceremony of Iran-Armenia gas line’s putting into operation will be
held today with participation of the Armenian and Iranian Presidents.
The fist 40-km section of the gas line from Meghri to Kajaran has
already been built. Armenia will be able to receive to 450 mln cub m
of gas per year by this gas line section till 2008. Later on, with the
increase of the gas line’s transmission capacity from Kajaran to
Ararat, the volumes of the Iranian gas supplies may grow to 2,3 bln
cub m per year. During a solemn ceremony of the gas line’s opening,
Armenia and Iran intend to sign an interstate agreement on
construction of a boundary Hydropower plant on Araks river, as well as
to discuss other projects in energy. The total length of Iran- Armenia
gas line makes up 141 km. For construction of the first section of gas
line, the Iranian side had given a credit to Armenia to the sum of
$28,2 mln with an interest rate of Libor+2 and the repayment term
within 5 years since the gas line’s commissioning. Armenia will pay
off the gas by electric energy supplies on the basis of 3 kWh per 1
cub m of natural gas. It is envisaged that the right of the gas line’s
operation will be transferred to the "ArmRosgazprom" Armenian- Russian
CJSC that presently carries out the works for increase of this gas
line’s transmission capacity.