21 November ITAR-TASS

Armenia, Iran sign agreement on building gas pipeline

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Armenian and Iranian leaders signed an agreement on building a gas pipeline to supply natural gas from Iran to Armenia.

The agreement was signed during Armenian President Robert Kocharyan's visit to Teheran on 25-27 December.

Construction is due to begin early next year. In its first phase, a 100-km-long section will be built on Iranian territory and a 41 km long section, on Armenian territory. The project will enable Armenia to start getting 1.5m cu. m. of Iranian natural gas a day.

The construction will be done by an international consortium comprising Russia's Gazprom, Gas de France, Iran's National Gas Company and the Armenian Energy Ministry.

The project is expected to have a cost of around 120m dollars. The pipeline's design capacity is 1bn cu. m. a year.

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