ArmInfo. Armenia and Iran extended until 2030 an agreement on the supply of gas in exchange for electricity. Minister of Territorial Administration and Infrastructures of the Republic of Armenia Gnel Sanosyan announced this on his Facebook page. In particular, he noted that a memorandum on cooperation between Armenia and Iran in the field of natural gas was signed.
Gnel Sanosyan, signed the memorandum from the Armenian side, Deputy Minister of Oil of Iran, Director of the National Gas Company Majid Chegeni signed the memorandum from the Iranian side.
In 2004 Tehran and Yerevan signed a 20-year gas-for-electricity barter agreement. The Republic of Armenia has been importing gas from Iran since mid-2009. Armenia is carrying out a barter deal with Iran "gas in exchange for electricity" at the rate of 1 cubic meter of blue fuel from Iran in exchange for 3 kWh of electricity from Armenia. Gas supplies are carried out through the Iran-Armenia gas pipeline, and electricity from Armenia is supplied to Iran through two power lines.
