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Tuesday, December 19, 2006

Iran to Ship Gas to Armenia



According to Bloomberg,

Iran will start shipping gas through a pipeline to Armenia in January, the Tehran Times reported Sunday, citing an Iranian official.

About 1 million cubic meters of natural gas will be shipped daily through the 160-kilometer pipeline, said Mohammad-Reza Akbari, the managing director of Payandan, the company operating the pipeline. That will increase to 3 million cubic meters per day “later on,” he said.

It's pretty obvious that this is the first step towards greater cooperation between the two countries, as seen in a previous post. Independence from Russia's gas monopoly is always a good thing, but there may be a greater price to pay.

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