Iran to Increase Gas Export to Armenia in 2018.

Chief Executive of the National Iranian Gas Company (NIGC) Hamid Reza Araghi speaking at a press conference.

Chief Executive of the National Iranian Gas Company (NIGC) Hamid Reza Araghi speaking at a press conference.

Chief Executive of the National Iranian Gas Company (NIGC) Hamid Reza Araghi said that Iran’s gas export volume to Armenia will increase in the current year. Iran and Armenia signed a barter gas and electricity contract in 2004, according to Araghi.

“Under the deal, it was stipulated that one million cubic meters of gas will be exported to Armenia daily,” Araghi said.

It was agreed that Iran’s gas export volume to Armenia and also dispatch of electricity from Armenia to Iran should be increased as of 2018. Iran’s export of gas to Armenia will thus increase from one million cubic meters to 1.6 million cubic meters daily this year.

via Iran to Increase Gas Export to Armenia This Year | Asbarez.com

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