VOL. XLVII

No 21

24-May-2004

IRAN

NIGEC Signs Agreement To Deliver Iranian Gas To Armenia

The National Iranian Gas Exporting Company (NIGEC) has agreed to deliver 36bn cu ms (1.27 trillion cu ft) of natural gas by pipeline to Armenia over 20 years beginning in 2007, in return for electric power to be transmitted to Iran from a state-run power plant in Yerevan. The agreement was signed in Yerevan by Iranian Petroleum Minister Bijan Zanganeh and Armenian Energy Minister Armen Movsysian, and is...