Iran and Armenia Agree on Construction of Gas Pipeline

YEREVAN (Armenpress)–A trilateral meeting regarding the Medzamor nuclear power Plant took place between the European Commission–Iran and Armenia in Yerevan July 14. The meeting was organized within the framework of the European Commission-Armenia Working group. The meeting was hosted by the government of Armenia and chaired by energy minister Karen Galustian–with the participation of deputy ministers Adeli and Rah Gozal from Iran and ambassador Elio Germano and Cornelis Wittebrood from the European Commission.

The parties stressed the situation in the Armenia’s energy sector and agreed on the need to supply Armenia with Iranian natural gas because of the recent shut-down of the Medzamor nuclear power plant. This supply should be achieved through an urgent construction of a gas pipeline between Iran and Armenia.

The European Commission accepted to consider this strategic infrastructure in the framework of its regional program "Interstate Oil and Gas Transportation in Europe."

The trilateral meeting discussed a comprehensive program of action on institutional–commercial and financial issues related to this pipeline.

It was agreed to structure its construction and management through a Protocol annexed to the INOGATE Umbrella Agreement and to the sponsoring promotion of this pipeline towards the private sector and the IFIS.

In this perspective the European Commission agreed to organize a "sponsoring conference" within the framework of INOGATE and Medzamor Working group before the end of 2000.

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