YEREVAN. - On June 2, Ambassador Marie L. Yovanovitch and Minister of Energy and Natural Resources Armen Movsisian signed a Memorandum of Understanding on conventional and unconventional energy resources.

This Memorandum provides a framework for the exchange of knowledge and expertise between the U.S. Government and the Government of Armenia in the characterization and assessment of unconventional and conventional energy resources in Armenia, as well as in the responsible and sustainable development and exploitation of these resources.  This Memorandum of understanding also provides for a cooperative assessment and technical studies of Armenia’s energy resources, including any potential shale gas resources, by the U.S. Geological Survey and the Armenian Ministry of Energy and Natural Resources,” the press service of the U.S. Embassy in Yerevan informed Armenian News-NEWS.am.

Ambassador Yovanovitch noted that she “was pleased to be here today with Minister Movsisian to launch additional cooperation between the U.S. Government and the Armenian Government to help explore and develop Armenia’s energy resources.”