TEHRAN (FNA)- The capacity of Iran-Armenia gas pipeline project will increase to 2.5 billion cubic meters, Armenia’s Minister of Energy Armen Movsisyan announced.
This would become feasible by increasing the capacity at the Kadzharan-Yerevan section of the pipeline by November of 2008, Armen Movsisyan said according to Interfax.
Mosvsisyan noted the main construction work on this section of the pipeline is already completed and its testing will be initiated soon.
The Iran-Armenia gas pipeline project officially opened on March 19, 2007 by Iranian President Mahmoud Ahmadinejad and Armenian President Robert Kocharian and would provide Armenia with an alternative to the gas it now imports from Russia.
The 140-km pipeline is estimated to cost of $220 million for the two countries.
Based on the signed agreement between the two countries, for each cubic meter of Iranian gas, Armenia will return 3 kilowatt hours of electricity to Iran.
In case of suspension or limitations of Russian gas export to Armenia, the country may commence importing gas from Iran before beginning of the regular supply of the Iranian gas, the minister said.