IRAN TO START EXPORTING GAS TO ARMENIA BY OCTOBER 1ST

Payvand
Aug 29 2008
Iran

TEHRAN — Due to latest negotiations, Iran will start gas exports to
Armenia by Oct. 1st, head of the gas export operation office of the
National Iranian Gas Company (NIOC) said here on Wednesday.

"Last week Iran and Armenia held talks and studied the problems of
Iranian gas transfer to Armenia. During this negotiations Yerevan
declared its readiness to receive Iranian gas and export its
electricity to Iran," Rasoul Salmani added, PIN reported.

"Iran plans to annually export some 1.1 billion cubic meters of gas
to Armenia. In the first phase Iran will export less volume to Armenia
but will increase the export volume gradually," he explained.

"Iran will annually import 3.3 billion kw/h of electricity from
Armenia," Rasuli stated while adding that Armenia has not yet decided
about the export volume in the first phase.

The 100km Iranian section runs from Tabriz to the Iran-Armenia
border. The Armenian section runs from Meghri region to Sardarian.

Iran is expected to supply all of Armenia’s gas needs within the next
two years. The total outlay for the pipeline is about $28.2 million