The electricity-natural gas exchange deal is the largest deal between Iran and Armenia and comprises the axis of the economic relations between Iran and Armenia. This is what Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to the Islamic Republic of Iran Artashes Tumanyan said during a discussion on the current issues on Eurasian and regional integration held by the Standing Committee on Regional and Eurasian Integration Affairs of the National Assembly today.

“This deal is about how strong the existing infrastructures are and the two high-voltage lines between the two countries, and the major sub-structure is the Iran-Armenia natural gas pipeline. Through the exchange of natural gas and electricity, Armenia receives 1 million cubic meters of natural gas and exports electricity with a ratio of 1-3, and this is mutually beneficial,” he stated.

According to the ambassador, the electricity-natural gas exchange deal must be expanded when construction of the third high-voltage line ends.

The ambassador also talked about natural gas. “There are problems with natural gas. During Prime Minister Nikol Pashinyan’s visit to Iran, Iran openly declared that it is ready to export a larger amount of natural gas to Armenia, but there are several problems with export. There is another idea, and based on that, Turkmenistan’s natural gas can pass through our region, and we can exchange that natural gas with Iran’s natural gas. I must say that the price of Russian natural gas is a good price for Armenia, and it is lower than the international price. As for Iranian natural gas, the exchange deal can provide Armenia with the opportunity to import gas without making Russia and Iran envy each other.”