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  Construction of Armenia-Iran gas pipeline to begin this year: Yerevan

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Author Topic:   Construction of Armenia-Iran gas pipeline to begin this year: Yerevan
posted January 26, 2001 09:13     Click Here to See the Profile for Vatandoost   Click Here to Email Vatandoost     Edit/Delete Message   Reply w/Quote
YEREVAN, Jan 25 (AFP) - The construction of a gas pipeline that would transit Iranian gas to the former Soviet republic of Armenia will begin this year, Armenian Energy Minister Karen Galustyan said Wednesday.

The 140-kilometre (48-mile) pipeline should cost some 138 million dollars and should be completed within months, Galustyan said.

Armenia will begin the construction by building a section of the pipeline between its southern towns of Megri and Kadzharan, a project worth some 26 million dollars.

The exact price for Iranian gas supplies was not yet determined, the minister said.

An international consortium -- including Russia's gas giant Gazprom, France's Gas de France, Iran's National Gas Company and Armenia's energy ministry -- will be created for the building of the pipeline.

Iran has the world's second largest reserves of natural gas after Russia.

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