Half of Bulgaria-Greece gas link capacity already reserved - SEE NEWS

Jan 26, 2022 17:43 EEST
Aleksia Petrova

SOFIA (Bulgaria), January 26 (SeeNews) - ICGB, the company developing the Gas Interconnector Greece-Bulgaria project, said that a total of 1.57 bcm, half of the gas link's capacity, has already been reserved ahead of its planned launch of commercial operations in July.

"Four out of the five shippers that have booked capacity are entirely new to the Bulgarian market and that leads us to believe the international and market interest in the project will only be growing after its commercial launch," ICGB said in a statement quoting Teodora Georgieva, its executive officer on the Bulgarian side.

ICGB also said that it has signed a contract with Germany-based PRISMA European Capacity Platform, Europe’s leading gas capacity trading platform, marking a major milestone in the preparations for the pipeline’s launch of commercial operation.

Greece turning into gas hub - KATHIMERINI

23.JAN.2022 • 10:29
Chryssa Liaggou

Greece will add two more liquefied natural gas terminals for storage and gasification, thereby strengthening its gas supply security and obtaining a strong role in transit by making the most of its strategic location and its new corridors for the supply of Europe and the Balkans.

Greek energy groups want to make the most of the opportunity of gas being the bridge fuel on the way to clean energy, and of Balkan countries’ need to diversify their sources and not be so reliant on Gazprom. They have therefore designed and are promoting infrastructure for their entry into the Greek LNG system. The fuel will use Greece’s pipelines (the Trans Adriatic Pipeline, the Interconnector Greece-Bulgaria and its connectors, and the plan for the interconnection with North Macedonia) to reach the neighboring countries and reduce their dependence on Turkey, which besides hosting pipelines has also invested in LNG infrastructure, making it a hub for Southeast Europe.