Tehran, Yerevan Discuss Gas Exports, Barter

Date: 26 December 2020 - 21:45

News ID: ۸۵۸۹۰

TEHRAN (NIPNA) -- Iranian deputy petroleum minister for international affairs Amir Hussein Zamaninia and deputy minister of Energy Infrastructures and Natural Resources of the Republic of Armenia Hakob Vardanyan on Saturday held talks on gas exports and extension of a gas-for-electricity barter contract.
Zamaninia said, "In the meeting, the two delegations of Iran and Armenia discussed expansion of energy relations for the long term and agreed on the main points.”
He added: "Discussions about some technical issues concerning gas export and gas-for-electricity barter were postponed to the near future, after which a long-term contract will be signed in this regard.”
"We have been negotiating for a year and a half on gas exports and the extension of the gas barter contract with Iran. The talks that took place today were one of the most constructive ones,” said Hakob Vardanyan.
He said: "The two delegations tried to take into account the mutual interests of the two countries.”
In 2004, Tehran and Yerevan signed a 20-year gas and electricity barter agreement, according to which Iran’s exported gas will be used by power plants in Armenia, and in return, Iran will import electricity from Armenia which started importing gas from Iran in mid-2009.