BAKU, Azerbaijan, July 13. In the first five years or initially the Interconnector Greece-Bulgaria (IGB) will transport 179.673,55 (Nm3/h/y) or 4 312 165,20 (Nm3/d/y) and for all other network users on auction principle will allocate 200.843,45 (Nm3/h/y) or 4 820 242.80 (Nm3/d/y), Teodora Georgieva, executive director of ICGB AD project company from Bulgaria said in an exclusive interview with Trend.
She noted that the daily transport capability will be 9 132 408 (Nm3/h/y).
“ICGB has conducted a market test in 2 phases - non-binding offers, and binding offers. The market test was conducted with non-binding offers in December 2015, and in November 2016 - with binding offers. In March 2017, ICGB AD completed the market tests with the signing of agreements for preliminary reservation of capacity,” the executive director explained.
The IGB project is of key importance for increasing security of supply and for ensuring diversification of natural gas sources for Bulgaria and the region of Southeast Europe. At the regional level, IGB will provide access to the gas transmission network for Bulgarian municipalities and regions that didn’t have an option for connectivity. The interconnector with Greece is an entirely new route for the transmission of natural gas to Europe and will give Bulgaria and the region access to supplies from new sources. The project will connect the country with the Southern Gas Corridor and has excellent synergy with other major energy projects such as TAP, TANAP, EastMed and the LNG terminal at Alexandroupolis.