Iran to Disburse $2mln for Gas Project in Armenia

News ID: 1036893 Service: Economy
شبکه گازی

TEHRAN (Tasnim) – Armenia’s energy minister said Iranian company Sanergy is to build a gas distribution network in two Armenian towns in a project financed by the Iranian government.

Levon Iolyan told a government meeting that Iran would resume financing for the project, which was suspended in 2013, and would provide a $2 million grant, Reuters reported.

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 is expected to start soon and to be completed within 6-7 months.

Armenia depends on natural gas imports from Russia. It also imports some gas from Iran in a swap for electricity.

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