Iranian firm to build gas distribution network in Armenia
YEREVAN, April 1, 2016
Iranian company Sanergy is to build a gas distribution network in two Armenian towns in a project financed by the Iranian government, Armenia's energy minister said on Thursday.
Levon Iolyan told a government meeting that Iran would resume financing for the project, which was suspended in 2013, and would disburse a $2 million grant.
The project envisages construction of a gas distribution network in the towns of Megri and Agarak, not far from the border with Iran.
Iolyan said construction work, which is expected to start soon and to be completed within six to seven months, would be monitored by Gazprom Armenia, an Armenian subsidiary of Russia's gas monopoly Gazprom.
Armenia depends on natural gas imports from Russia. It also imports some gas from Iran in a swap for electricity. - Reuters
