Iran and Armenia have signed an settlement to increase the time period of the prevailing contract underneath which Tehran exports pure gasoline to Yerevan in change for electrical energy till 2030.
The revised settlement requires Iran to broaden the quantity of its gasoline provide to Armenia in change for electrical energy from the landlocked nation within the Caucasus.
The settlement was inked on Thursday by Majid Chegeni, the chief govt officer of the Iranian National Gas Company (NIGC), and Aram Ghazaryan, the chief govt officer of the Yerevan Thermal Power Plant, within the presence of the officers of the 2 international locations.
Iranian media cited the nation’s embassy in Armenia as saying that the preliminary settlement to increase the gas-for-electricity program was reached throughout Armenian Prime Minister Nikol Pashinyan’s go to to Tehran in November final yr, which was adopted by technical and skilled negotiations.
The negotiations between the skilled groups of the 2 international locations targeted on the contract interval, quantity of exports and the change charge of electrical energy and gasoline, studies stated.
According to Iranian officers, the gasoline pipeline between Iran and Armenia has the capability to export 1 billion cubic meters of gasoline yearly and solely a 3rd of the capability has been utilized up to now.
The transmission of electrical energy from Armenia to Iran can even improve three-fold as soon as the third transmission line turns into useful.
The gas-for-electricity barter settlement was first signed in 2006 underneath which Armenia receives 1 cubic meter of gasoline in change for 3 kilowatt hours of electrical energy.
During the Armenian prime minister’s go to to Tehran final November, the 2 international locations formally agreed to double the quantity of pure gasoline exports to Armenia in change for electrical energy.
At current, Armenia will get about 365 million cubic meters of pure gasoline from Iran yearly, which might be doubled now.
Source: www.anews.com.tr
