According to the report of the public relations of the NIGC, he said Iran and Armenia signed a memorandum of understanding on cooperation besides an agreement to extend a gas for power barter agreement 2030."
He continued: "Based on this, according to the increase in the volume of exported gas, the electricity bartering rate will also be modified."
Chegeni stated: "Now we export one million cubic meters of gas to Armenia on a daily basis, which will be doubled based on the new memorandum."