ASHGABAT: Gas to flow to Armenia via Iran-Armenia pipeline

Despite the absence of direct contracts for the sale and purchase of gas between Ashgabat and Yerevan, Armenia has reportedly been receiving Turkmen natgas for some time.
Armenian deputy energy minister, Karen Karapetyan, confirmed this to a Business News agency when asked about the prospects for the construction of the Iran-Armenia pipeline.

Karen Karapetyan pointed out that construction of the Iran-Armenia pipeline could commence as early as next month. He said all financial issues together with the problem of the price of gas had been virtually solved.

The price problem had been slowing down the start of construction until recently, because Iran was offering its natural gas at a price almost 50 per cent higher (53 dollars per 1,000 cubic metres) than that of the Turkmen gas.

World Oil