ArmRosgazprom purchased the Iran-Armenia gas pipeline, Gazprom’s Management Committee Deputy Chairman Valery Golubev told a briefing in Yerevan. The gas pipeline was purchased as result of emission of ArmRosgazprom stocks bought out by Gazprom, he said.

Given the ArmRosgazprom’s activities, Armenia’s savings in the natural gas and transport sector amount to $180-200 million while the population saves some $300 million by using natural gas, ArmRosgazprom Director General Karen Karapetian said at today’s meeting of the company’s shareholders dedicated to ArmRosgazprom 10th birthday.

Iranian Deputy Oil Minister Reza Kasai'i Zadeh has said talks on the Iran-Pakistan-India (IPI) gas pipeline project are in the final stage where the technical aspects are being looked into.

The reason? Nonpayments

Shell had made material finds in Australia and Malaysia in the first half of the year, the company said on Thursday, July 26.

With the December deadline for signing a new gas-supply contract approaching, Ukrainian and Russian officials have been holding preliminary meetings to sound each other out.

Iran has invited Prime Minister Manmohan Singh and Pakistan's President Pervez Musharraf to Tehran for signing a tri-nation deal on naturalgas, supply of which could start from 2011.

Armenia's Russian-owned national gas company has reportedly pledged to build the second and final section of a natural gas pipeline from Iran by the end of next year.

Notwithstanding US reservations over the Iran-Pakistan-India gas pipeline, the World Bank has described it as a win-win deal and expressed readiness to fund the seven billion dollar project.

The recent meeting of the Gas Exporting Countries Forum (GECF) has again reignited fears that the organization will emerge as a gas OPEC. These fears have been further fuelled by plans to set up a price formula working group. However, according to independent market analyst Datamonitor (DTM.L), the ability of the GECF to emerge as a gas OPEC, at least in the short to medium term, remains limited.

Oil and gas industry representatives of Australia are calling on the government to provide bigger tax incentives to encourage the discovery of new projects.

The Iran-Armenia gas pipeline, officially opened on March 19 by Iranian President Mahmoud Ahmadinejad and Armenian President Robert Kocharian, has quickly emerged as a source of speculation about regional energy alliances. A trip to Armenia by Georgian President Mikheil Saakashvili two days after the pipeline's opening provided plenty of fuel for conjecture.