Tehran and Yerevan signed a gas-for-power barter deal in 2009 based on which Iran exports an average of a million cubic meters per day of gas to Armenia in exchange 3.2 kw/h of power.

Speaking to Shaha, Saeid Tavakoli, Managing Director of the Iranian Gas Transmission Company (IGTC), said last year Iran sent exactly 365 mcm of gas to neighboring Armenia based on the deal.

He said Iran has the capacity of exporting up to 2.3 bcm/year of gas to Armenia.