NewKerala.com, India
April 8 2006
Armenia swaps pipeline for cheaper gas
YEREVAN, Armenia: Armenia agreed to surrender a small but crucial
section of a natural gas pipeline to Russia in exchange for
discounted imports of natural gas.
The discounts, which will last until 2009, come in exchange for
letting OAO Gazprom buy a 24-mile stretch of a gas pipeline
connecting Armenia and Iran, the New York Times reported Friday.
Gazprom also was granted a concession to build a larger second
pipeline along the 24-mile route.
Disclaimer: This article was contributed and translated into English by Jalatian Sonya. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2006/04/09/armenia-swaps-pipeline-for-cheaper-gas/