Iran May Sell Gas to Armenia

Armenia is mulling buying natural gas from Iran and the topic is expected to come up during joint economic commission in early 2014, reports Press TV.

Quoting from a report from Armenia’s Arka News, Press TV says Armenia Minister of Energy and Natural Resources Armen Movsisyan told parliament on Tuesday that he had met with Iranian Ambassador to Yerevan Mohammad Raeisi over the purchase of natural gas from the gas rich nation.

The two sides agreed that Tehran and Yerevan hold talks on the price of Iran’s natural gas during the bilateral commission on economic cooperation, which is expected to convene in January or February 2014.

According to the Armenian minister, Tehran is ready to sell natural gas to Yerevan at $400 per 1,000 cubic meters, adding that the two neighboring countries have failed to reach an agreement on Iranian gas price since 2010, reports Press TV.

“Since we did not have other alternatives, we had to continue negotiations with the Russian side,” said the Armenian minister, stressing, “Armenia has neither legal nor political obligation to purchase gas only from [Russia’s] Gazprom.”

Iran has bartered more than 1.5 billion cubic meters of gas with Armenia’s electricity over the past six years.

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