Iran: Supplies to Armenia on time

Iran: Supplies to Armenia on time

UPI Energy
October 5, 2006 Thursday 9:22 AM EST

Iran’s gas pipeline to Armenia is expected to come onstream in 2007,
a top Iranian official said.

Reza Kasaizadeh, the managing director of the National Iranian Gas
Co., told the Mehr news agency Wednesday that Iran will initially
export 3 million cubic meters of gas per day to Armenia. This will
eventually be raised to 10 million cu. m. of gas per day.

The Oil and Gas Journal says Iran, the world’s No. 2 in reserves, has
an estimated 970 trillion cubic feet in proven natural gas reserves.

Under a May 2004 deal, Iran will supply 1.3 Tcf of natural gas to
Armenia over 20 years starting in 2007. In return, Armenia will
provide Iran with 3 kilowatts of electricity per cubic meter of gas.
The $200 million pipeline runs 85 miles.