“The pipeline has a maximum capacity of 2.3 bcm and a minimum of 1.1 bcm per year. The current 1 mcm a day - which can be increased to 6 mcm – is quite below the (designed) minimum of 3 mcm per day,” he said.

According to the NIGEC managing director, Zakharian told Zengeneh in the meeting that Armenia plans to build the combined cycle power plant to supply the third 400 KV electricity transmission line to Iran.

Kameli also said that the exchange base of 1 mcm for 3 KW/h must change which will soon negotiated between the two countries.

Following the meeting, Zangeneh said Tehran and Yerevan are negotiating expansion of their energy cooperation with Iran increasing its export of gas to the neighboring Armenia and importing extra electricity in return.

“The details on the exchanges between Iran and Armenia will be discussed while the bilateral framework will be maintained,” he told Shana.

Also Zakharian said the third high-voltage electricity transmission line to Iran will be launched by 2013 for which his country will import extra gas from neighboring Iran.

“The third line can increase bilateral trade five times,” the Armenian minister added.