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Construction of Armenia-Iran gas pipeline to begin this year: Yerevan
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posted January 26, 2001 09:13
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.
All times are PT (US)
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