ArmInfo. The results of the program "Electricity for Gas," the process of building a high-voltage Iran-Armenia power line, as well as the programs for the next year were the subject of negotiations held on December 16-17 in Tehran by the Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia Ashot Manukyan.
According to the press service of the ministry, during the visit the Armenian Minister held a number of meetings with officials of Iran and representatives of the Armenian community. In particular, with the Director for International Relations of the National Gas Company of Iran, Babazade, an agreement has been reached to increase the amount of Iranian natural gas supplied to Armenia this year. Armenia will increase the volume of electricity exports to the Islamic Republic of Iran.
Ashot Manukyan also met with Armenian businessmen of Iran who are interested in investing in wind and solar energy of Armenia. The minister presented the opportunities and advantages of the zone of the free economic zone "Meghri" that opened recently on the border with Iran, which could become a platform for access to the countries of the Eurasian Economic Union.
On October 20, at a press conference in Yerevan, Ashot Manukyan noted that Armenia will purchase Iranian gas only if it costs less than Russian gas. According to him, since May 15, 2009, Iranian gas is supplied to Armenia according to the agreement within the framework of the program "Electricity in exchange for gas." According to the barter scheme, 3 kWh of electricity is paid for Armenia's 1 cubic meter of Iranian gas. With the completion of the construction of the Iran-Armenia power line by the end of 2019, the volume of Iranian gas supplies will increase significantly, as will the supply of Armenian electricity to Iran. In this case, the minister continued, the Iran-Armenia gas pipeline will be completely filled.
The four-sided memorandum between Armenia, Georgia, Iran and Russia providing for increasing the level of management of electricity flows, security and reliability of power systems was signed on December 23, 2015 in Yerevan.