YEREVAN (RIA Novosti)–The construction of the Armenian section of the Iran-Armenia gas pipeline will start in late November 2004–the head of the Armenian Energy Ministry’s technical development and foreign relations department Levon Vardanyan revealed to journalists on Wednesday.
The construction of the 42-km section of that pipeline will begin at the Meghri-Kajaran’site. In compliance with existing agreemen’s–the Iranian side will finance the construction of this section; the remaining portion between Yerevan and Ararat will be completed later.
In May of this year–Armenia and Iran agreed to construct the pipeline which will provide 36 billion cubic meters of gas from Iran to Armenia over 20 years. Armenia will receive 1.1 billion cubic meters of Iran’s natural gas annually and pay for these supplies with its electric energy.
The construction of the 141-km long pipeline (41 km on Armenian territory and 100 km in Iran) will be completed at the end of 2006. According to preliminary calculations–Armenian and Iranian investmen’s in the project will total $90 and $120 million correspondingly.
The gas pipeline will link Tehran and Yerevan via the Meghri section of the Armenian-Iranian border.