Armenia, Iran Initiate MoU on Natural Gas Transit, Sale

Armenian and Iranian delegations meet to discuss gas cooperation
Armenian and Iranian delegations meet to discuss gas cooperation

Armenian and Iranian delegations meet to discuss gas cooperation

YEREVAN (Arka)—Iran’s National Gas Export Company and Armenia’s Energoimpeks have initiated a memorandum of understanding for the transit, sale and purchase of gas, the press service of the Armenian ministry of energy infrastructures and natural resources said on Wednesday.

It said the preliminary signing of the document took place during an October 31-November 1 visit to Iran by an Armenian delegation, headed by the deputy minister of energy infrastructures and natural resources Hayk Harutyunyan.

The memorandum will be submitted soon for the final approval by the parties. Details related to the planned gas deliveries were not disclosed.

During the visit, members of the Armenian delegation had a meeting with Khamid Aragi, Iran’s deputy minister of oil and director of the National Gas Company and the acting executive director of the National Gas Export Company of Iran Ali Amirani to discuss cooperation between the two countries in the gas sector and the prospects for increased regional cooperation, in particular, transit of gas through Armenia to third countries.

The Armenian delegation also had meetings with the deputy minister of energy of Iran Houshang Fallahatiani and his advisor Homayoun Hayeri. The key issue of the meeting was the increase of bilateral electricity swaps as well as with Georgia through the existing capacities and later with Russia once the construction of new power transmission lines is over.

The Armenian delegation also visited the Iranian company MAPN that intends to invest in the construction of wind farms in Armenia.

At a meeting with representatives of the Iranian company Sanir (the general contractor for the construction of the third power transmission line between Iran and Armenia) the sides spoke about the construction of high-voltage power lines.

Armenia currently receives about 370 million cubic meters of gas a year from Iran, which is converted into electricity and is shipped back to Iran. It was reported that Iran would triple its gas exports to Armenia by 2019 and will also sell gas to Georgia through Armenia. Tehran plans to increase natural gas exports to Armenia from 1 million cubic meters of gas per day to 3 million cubic meters.

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