ARMENIA GAS PRICE MAY GO UP WITH PIPELINE
Earthtimes.org
March 12 2007
YEREVAN, Armenia, March 12 Gas tariffs in Armenia may rise by $16
per 1,000 cubic meters if Yerevan invests in the second section of
the Iran-Armenia gas pipeline, an expert said.
The comments by Robert Nazaryan, chairman of Armenia’s public services
regulatory commission, came Monday as he was endorsing the Hayrusgazard
investment program for 2007-09, which is worth $193 million. The
comments were reported by the Arminfo news agency.
He said the costs might be less if Armenia’s supply of 3 kW of
electricity for 1 cu.m. of gas from Iran was taken into account.
He noted, however, that the investment was needed to ensure Armenia’s
energy security. Hayrusgazard plans to invest $93 million to increase
the capacity of the pipeline’s section running from Kajaran to Ararat,
Arminfo reported.
Work on the 120-mile pipeline began last year.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. 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.
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