ArmInfo.Armenia's Ambassador to Iran Artashes Tumanyan at a meeting with Iranian Oil Minister Bijan Namdar Zanganeh noted that construction of the third power transmission line between the two countries will be completed this year, which will make it possible to fully use the capabilities of the Armenian-Iranian gas pipeline, increasing several times volumes of gas imported into Armenia and electricity in Iran.
As ArmInfo was informed in the press service of the RA Embassy in Iran, in this regard, Tumanyan emphasized the need to urgently adopt a new agreement (or amend it) on the gas exchange program for electricity, noting that the relevant proposals of the Armenian side were submitted to the Iranian Oil Ministry a few months ago. At the same time, the Armenian diplomat emphasized that, with the proper organization of work, the Iran-Armenia gas pipeline could be favorably different in terms of reliability and efficiency from the Iranian joint gas pipelines with other neighboring countries. According to him, this, in turn, can become an additional incentive for deepening bilateral cooperation in this area.
The interlocutors touched on issues of enhancing trade between the two countries, including through the introduction of various mechanisms of trade.
The interlocutors agreed to organize a videoconference between the Ministry of Territorial Administration and Infrastructure of the Republic of Armenia and the Ministry of Oil of Iran, during which the parties agree on the provisions of the agreement on the gas program in exchange for electricity, and discuss other issues of bilateral economic cooperation.
It should be noted that 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 is supplied through the Iran-Armenia gas pipeline, and electricity from Armenia is sent through two power lines to Iran.