CONSTRUCTION OF KAJARAN-ARARAT SECTOR OF IRAN-ARMENIA GAS PIPELINE COMPLETED

ArmInfo
2008-12-01 17:53:00

ArmInfo. Construction of the Kajaran-Ararat sector of the Iran-Armenia
gas pipeline has been completed, this will allow Armenia to receive
gas from Iran in the near future. The total value of the project made
up approximately 130 mln USD.

Former and incumbent presidents of Armenia Robert Kocharyan and Serzh
Sargsyan, Energy Minister Armen Movsissyan, Head of Gazprom Aleksey
Miller and Director General of ArmRusgasprom CJSC Karen Karapetyan
attended the closing ceremony of construction, Monday. The last joint
of the pipeline near the town of Vedi, Ararat region of Armenia,
was solemnly welded during the ceremony.

Chairman of Board of Gazprom A.Miller said that the new channel of
gas delivery is an important step to ensure the energy security of
Armenia, reliable and stable deliveries of energy resources. "Our
successful cooperation with Armenian colleagues can be carried out only
on the basis of high-level political cooperation between Russia and
Armenia. Our cooperation is based first and foremost on friendship
and mutual benefit, and this is the pledge of its steadiness and
durability", – Miller said.

Armenian Energy Minister A.Movsissyan said that the completed sector
of the gas pipeline will be tested in several days and put into
operation. Through this direction Armenia will manage to receive up
to 2.6 bln cub.m. per year.

According to interstate agreements reached earlier, Armenia will pay
for the gas by deliveries of electric power to Iran at the rate of
3 KW/h for 1 cub.m. The gas will be delivered if the need arises.