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Iran to start gas transfers to Armenia in Jan 2007

Tehran, Dec 16, IRNA-Iran is to begin piping gas to Armenia in January 2007, the executor of the gas pipeline project of Iran's Gas Engineering and Development Company, Mohammad-Reza Lorzadeh, said on Saturday.

Speaking to reporters, he said the pipeline will be inaugurated in January 2007, putting into effect an agreement already reached between Iranian and Armenian officials to reduce time needed for implementation of the project from 930 days to 650 days.

He added that although the 650-day deadline has still to be reached, the project is nearly 96 percent implemented.

He said the first shipment of the pipes imported for the project arrived in Iran in September 2005.

The official placed the total value of the project at Rls 550-600 billion.

The pipeline agreement, signed between Armenia and the Iranian company `Payandan', stipulated that the project was to be implemented on an EPC (engineering, procurement and construction) basis, he said.

The agreement further stipulated that the gas pipeline was to be implemented through two projects in Iran -- the first requiring construction of a pipeline from the northwestern city of Tabriz to Aras River on the border of Iran and Armenia and the second construction of a pipeline beneath the Aras River coastline.

He further said the pipeline would have a total length of 115 kilometers.

Completion of the project will enable Iran to export three million cubic meters of gas to Armenia per day.

Lorzadeh said the project was aimed at opening a gateway for export of Iranian gas to Europe.

... Payvand News - 12/16/06 ... --

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