Iran plans to increase gas supply to Armenia fivefoldFebruary 8, 2016 - 11:07 AMT PanARMENIAN.Net - Growth of Iranian gas exports to Armenia depends on the construction of a new electricity transmission line between the two countries, the head of National Iranian Gas Exports Company said, according to Mehr news agency. Explaning the latest status of Iranian natural gas exports, Alireza Kameli said that an average of one million cubic meters of natural gas is annually exported to Armenia. The official said that gas export is carried out in exchange for purchase of electricity; on the basis of a joint agreement, there is a possibility to increase the amount of gas exports fivefold, he noted. He deemed the construction of necessary infrastructures as one of the important factors in increasing the exports volume. “Armenia has recently started to build a 400-kw transmission line,” Kameli reminded, stressing that the construction process is estimated to last two years. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |