Iran, Armenia discuss gas exports

SHANA – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s export of gas to Armenia and receiving electricity from the country were the focus of his talks with the Armenian Minister of Territorial Administration and Infrastructure.

Zangeneh received Suren Papikyan in his Tehran office on Sunday.

During the meeting, Zangeneh described the energy sector as the most important part of the Iran-Armenia relations and trade, adding bartering gas for electricity with Armenia is one of the areas of cooperation between the two countries.

Iran and Armenia signed a gas-for-electricity barter deal in 2004 for 20 years. According to the contract, Iran’s export of gas will be consumed by power plants in Armenia and Iran imports electricity from Armenia in return. Armenia started importing gas from Iran since in mid-2009.