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News // Russia

Iran, Armenia to Open Gas Pipeline

19 March 2007 , 09:50629
President of Iran and Armenia will formally open the first stretch of a natural gas pipeline Monday in the town of Meghri, Armenia.

Under the first stage of the project, Iran is to deliver up to 14 billion cubic feet of gas a year. When the pipeline is completed and extends to the capital, Yerevan, the volume could rise to 88 billion cubic feet a year.

The project was launched in 2004 after more than a decade of negotiations.

Russia, which supplies most of Armenia's gas, had objected to the project. Armenian officials said last year they were discussing the prospect of Russia's natural-gas monopoly Gazprom purchasing the Armenian section of the pipeline from Iran.

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