Monday, January 23, 2006

Yerevan Ready to Sell 45% of Iran-Armenia Gas Pipeline to Russia’s Gazprom – Paper

23.01.2006
Mosnews

Armenia is ready to sell 45% of its shares in the Iran-Armenia gas pipeline to Russian gas monopoly Gazprom in exchange for cheap Russian gas, Russian daily Kommersant reported on Monday, Jan. 23.

[...]. Armenian President Robert Kocharian who arrived in Moscow on Sunday, Jan. 22 will discuss this proposal with his Russian counterpart Vladimir Putin, [...].Currently the Iran-Armenia gas pipeline is under construction and is expected to start operation later this year.[...].

“Moscow has set an ultimatum to its strategic partner: either the gas price will increase to $110, or Armenia will give Gazprom its gas infrastructure,” the Russian daily wrote. “If Russia takes over this [Iran-Armenia] pipeline, [Russia] will be able to control transit of Iranian gas to Georgia, Ukraine and Europe,” the paper added.
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Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.

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