MOU ON CONVENTIONAL AND UNCONVENTIONAL ENERGY RESOURCES SIGNED

armradio.am
02.06.2011 15:33

On June 2, US Ambassador to Armenia ie L. Yovanovitch and Minister
of Energy and Natural Resources Armen Movsisian signed a Memorandum
of Understanding on conventional and unconventional energy resources.

This Memorandum provides a framework for the exchange of knowledge
and expertise between the U.S. Government and the Government of
Armenia in the characterization and assessment of unconventional and
conventional energy resources in Armenia, as well as in the responsible
and sustainable development and exploitation of these resources.

This Memorandum of Uderstanding also provides for a cooperative
assessment and technical studies of Armenia’s energy resources,
including any potential shale gas resources, by the U.S. Geological
Survey and the Armenian Ministry of Energy and Natural Resources.

Ambassador Yovanovitch noted that she “was pleased to be here today
with Minister Movsisian to launch additional cooperation between
the U.S. Government and the Armenian Government to help explore and
develop Armenia’s energy resources.”