Greece interested in Iran-Armenia gas pipeline construction

Feb 13, 2002 01:00 AM

The deputy foreign ministers of Armenia, Greece and Iran discussed prospects of the construction of the Iran-Armenia gas pipeline at the tripartite meeting in Yerevan. Armenian Deputy Foreign Minister Armen Martirosyan told that the construction of the gas pipeline was discussed by the committee for tripartite cooperation in the sphere of power engineering.
He said that Greece, like many other European countries, showed some interest in the construction of the gas pipeline. Martirosyan added that Greece's Asprofos Engineering company had carried out a feasibility study of the construction project which were submitted to respective countries and banks to guarantee their participation in the project. Additionally, the parties plan to use Greece's experience in the gas distribution and this will help to "avoid some of the problems that exist today in Armenia's gas market".

Martirosyan said that Yerevan welcomed Greece's involvement in the construction of the Iran-Armenia gas pipeline. As far asIran is concerned, this country welcomes "any proposal that can accelerate the process of the gas pipeline construction, including Greece's involvement," Martirosyan said.
Talking about the terms of the gas pipeline construction, Martirosyan said that this issue was on the agenda for a long time. During Armenian President Robert Kocharyan's recent visit to Iran, a memorandum on the gas pipeline construction was signed which, in his opinion, "will give a new impetus to start the construction of the [pipeline] in the near future".

The cost of the construction of the Iran-Armenia gas pipeline is $ 120 mm and its length is 141 km. The EU is a key contributor and it insists on the closure of the Armenian nuclear power station. The EU has allocated EUR 100 mm for the creation of alternative sources of energy.

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