Armenia, Iran Test Gas Pipeline - Natural Gas Could Reach Europe

The main construction works of the gas pipeline connecting Iran and Armenia, that could also supply natural gas to Europe, are over, PanARMENIAN.Net reported. And currently trials and tests are conducted on the pipeline. These procedures will be finished before April-March of the current year.

Construction of the gas pipeline of the portions of Armenia and Iran has been carried out by Iranian contractors. It is worth mentioning that the pipeline, which connects Armenia with Iran, has 700 millimeter section and 1.2 billion cubic meter capacity per year. The total length makes 115 kilometers, 40 of which is on the Armenian territory. During the first period the capacity of exporting gas will make 1.1 billion cubic meters, and beginning from 2019-2.3 billion.

The treaty is signed for 20 years and supposes exchange of Iranian gas with electric energy from Armenia. For every cubic meter of gas Armenia must return 3 kilowatts of electric power. It is worth mentioning that the 40-kilometer portion of the pipeline in the Armenian territory is estimates $35 million, 80% of which the Armenian side has credited from Iranian Bank of Development. The rest has covered Armenia from its reserve means, IA Regnum reports. - yerkir.am/eng/