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Iran, Armenia agree to expand cooperation in energy sector

Source: Tehran Times

Iran and Armenia have reached new agreements to expand cooperation in the energy sector. Iranian Energy Minister Hamid Chitchian and his Armenian counterpart Armen Movsisian met in Tehran on Tuesday. The two sides agreed to construct a new power transmission line in order to boost the exchange of electricity between the two countries.

They also agreed to start barter of electricity for natural gas and build a new dam and hydroelectric power plant over the Aras River.

Iran and Armenia have taken major strides towards promoting their mutual relations over the recent years, particularly in the energy sector.

Iran has bartered more than 1.5 billion cubic meters of gas with Armenia's electricity over the past six years, Press TV reported.

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The National Iranian Gas Company (NIGC) said recently that around 1.5 billion cubic meters (bcm) of natural gas has been traded with Armenian electricity during the 2007-2012 period.

Last year, the Islamic Republic exchanged some 481 million cubic meters (mcm) of gas with the neighboring country's electricity, the largest amount of bartering between Iran and Armenia in six years.

... Payvand News - 11/06/13 ... --

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