80494
Tehran, Yerevan Discuss Energy Ties
Tehran, Yerevan Discuss Energy Ties

Tehran, Yerevan Discuss Energy Ties

Tehran, Yerevan Discuss Energy Ties

Iran is willing to supply more natural gas to Armenia provided it can export more electricity in exchange, the managing director of National Iranian Gas Company said. "As per the contract, Tehran receives 3.2 kilowatt-hours of electricity from Yerevan in exchange for 1 cubic meter of natural gas," Hamidreza Araqi was quoted as saying by Mehr News Agency on Sunday. A 20-year contract was reportedly signed in 2004 and took effect in mid-2009. Iran's natural gas is used by Armenian power plants to generate electricity. Pointing to Iran's readiness to export more gas to the neighboring state, Araqi noted that the pipeline that carry gas to Armenia has the capacity to transfer more strategic fuel, yet the country is not able to supply Iran with enough power in exchange. "We cannot raise export volume unless they are willing to pay for it," he said.

 

Short URL : https://goo.gl/BwqXym
  1. https://goo.gl/6WCrB2
  • https://goo.gl/Ra1mwm
  • https://goo.gl/EmEUm7
  • https://goo.gl/w5ghAE
  • https://goo.gl/UoDK5U

You can also read ...

Norway Intends to Build First Offshore Floating Wind Farms
Norway’s Petroleum and Energy Minister Terje Soviknes will...
Venezuela Oil Production May Soon Sink to 1m bpd
Venezuela’s plummeting oil production is nearing the...
GAP envisages the construction of 22 dams and 19 power plants.
Turkey is taking advantage of its abundant supply of ...
OPEC+ to Discuss Q3 Output Surge
The planned increase of crude production by OPEC+ nations of 1...
Egypt Hikes Fuel Prices by 50 Percent
Egypt has raised gasoline prices by up to 50%, its oil...
US-Saudi  Oil Increase  Plan a Ploy Against OPEC
The US political pressure on Saudi Arabia to boost oil output...
Oil Ministry to Modify Contracts With Domestic Parts Producers
The Oil Ministry plans to modify the contracts it had earlier...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus