Iran to Increase Supply of Gas to Armenia
Iran’s supply of gas to Armenia will double to two million cubic meters (mcm) per day under the gas-for-electricity swap deal that will run until early 2031,Chegeni, who inked the extension of the contract, was quoted by Shana as saying.
“Based on this, electricity swap figures will be modified in line with the increase in the size of gas exports,” he added.
Reports said that under the renewed deal, Iran and Armenia will commit to swapping gas for electricity until the end of the Iranian calendar year (March 2023).
Iran’s gas supplies to Armenia are small compared to the volumes exported to Iraq and Turkey which amount to 70 mcm per day during peak days.
Iran is a major producer and exporter of natural gas and electricity in the West Asia region. However, the country imports limited volumes of electricity from countries to its North to respond to peak demand over hot summer days and also during winters when Iranian power plants may face shortages of natural gas.
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