Armenia is ready to discuss the possibility of delivery of Iranian gas, if its price is below $189 (Armenia buys Russian gas at the same price), said Armenian Minister of Energy and Natural Resources Armen Movsisian on December 12, 2013 after the session of the government, reported REGNUM news agency’s correspondent.
Minister said he is ready to discuss the price with the Iranian Ambassador to Armenia. “If Iranian gas is cheaper, than Russian, then I will fly to Tehran tomorrow to conclude the agreement. We are free to choose the gas supplier, we have no strict commitments to Russia, as other countries consuming Russian gas do,” Movsisian said.
The gas pipeline Iran-Armenia, which was put into operation in 2007, has the carrying capacity of 2.2 billion cub.m. a year. At present gas is imported via the pipeline in exchange for electricity – 1 cub.m. of gas for 3 kwh of power.—0—
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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