Iran has offered to supply Armenia with natural gas in exchange for electricity imports from the Republic of Armenia, a report said here on Sunday. Construction works of the pipeline for carrying Iran’s natural gas to Armenia have already started and is expected to be completed in the next year, the report added.
Based on the deal, Iran’s natural gas export to the Transcaucasian state is scheduled to hit three million cubic meters per day, an official with National Iranian Gas Company (NIGC) said.
Iran will receive three kilowatts of electricity from Armenia in exchange for each cubic meter of natural gas it exports to the republic.
The agreement over the construction of the natural gas pipeline was signed between the officials of the two countries during the Armenian President Robert Kocharian’s visit of Iran in December 2005.
RA/MA
END
MNA
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