Islamic Republic News Agency, Iran
Feb. 25, 2008

Iran ready to export gas to Armenia

Tehran, Feb 25, IRNA

Iran’s National Gas Company spokesman on Monday declared Iran’s
readiness to export natural gas to Armenia.

Abdollah Ghanbarzadeh said that Iran-Armenia gas pipeline is now
completed and that gas will be supplied upon Armenia demand.

The pipeline has a capacity to carry 10 million cubic meters daily,
but, according to the agreement one million cubic meters of Iranian
gas will be supplied a day.

Armenia will supply three kw electricity to Iran a day in return for
the gas.

Agreement to build the pipeline to Armenia was signed by two
countries 12 years ago, but, a delay occurred over disagreement on
the gas price and the payment guarantee.

However, the final agreement on electricity and natural gas was
signed by Iran and Armenia three years ago.