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Iran ready to boost natural gas exports to Armenia: Mehr

Iran is ready to increase natural gas exports to Armenia, and is willing to start talks about shipping the fuel to Georgia, Mehr news agency reported, citing President Hassan Rouhani.

“We are prepared to negotiate for the export of gas through Armenia to Georgia, as well as the connection of the Persian Gulf to the Black Sea through Armenia and Georgia,” Rouhani said, according to Mehr. Armenia and Iran already work together in gas, electricity, the Khoda Afarin dam between both countries, optical fiber connections and data transmission, the news agency reported Rouhani as saying. He noted Armenia and Iran are cooperating despite “illegal sanctions of the United States against Iran.”

“Cooperation in energy is very important for us, and fortunately, Iran has announced readiness for increasing its gas exports,” Armenia’s prime minister Nikol Pashinyan said, according to the report.

Iran holds the world’s second-largest proven natural gas reserves behind Russia but has struggled to attract investments due to its international isolation and complex contractual terms. Its natural gas production is being increased at South Pars, which if put into full production would have capacity to delver 30 Bcf/d of natural gas and almost 1.2 million b/d of condensate, according to the US Energy Information Administration.

Armenia imported 0.208 Bcf/d in 2016, according to the International Energy Agency.
Source: Platts

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