The Armenian Government will convey the 5th Energy Block of Hrazdan Thermal Plant and the first part of Iran-Armenia gas pipeline to ArmRosGazprom. The corresponding agreement for 25 years determines strategic principles of cooperation in gas and energy projects in the territory of Armenia. According to the arrangement, Russian gas price makes $110 for 1 thousand cubic meters till January 1, 2009.
According to the agreement the Armenian Government pledges to grant ArmRosGazprom CJSC functions of the customer of the second part of Iran-Armenia gas pipeline, which makes some 197km. According to Gazprom Press Service, the preliminary sale contract should be concluded before April 14, 2006. The ownership of the objects will be finally conveyed before January 1, 2007. Upon the completion of the deal Gazprom Public Corporation share in ArmRosGazprom CJSC establishment capital will make qualified majority.
