Iran, Armenia discuss gas-for-electricity
Iranian Minister of Petroleum Bijan Zangeneh said that the country's export of gas to Armenia and receiving electricity from the country were the focus of his talks with the Armenian Minister of Territorial Administration and Infrastructure.
During the meeting, Zangeneh described the energy sector as the most important part of the Iran-Armenia relations and trade, adding that bartering gas for electricity with Armenia is one of the areas of cooperation between the two countries.
Iran and Armenia signed a gas-for-electricity barter deal in 2004 for 20 years. According to the contract, Iran's export of gas will be consumed by power plants in Armenia and Iran imports electricity from Armenia in return. Armenia started importing gas from Iran since mid-2009. 207/219