IGB construction expected to begin at end of year - ENERGY PRESS

21.6.2017

Construction of the prospective IGB (Greek-Bulgarian Interconnector) project will begin at the end of this year, officials involved in the project have ascertained.

According to sources, an additional market test aiming to increase the commitment of companies with respect to their pipeline capacity reservations is essentially already underway, despite the fact that the process has yet to be officially launched. Negotiations with gas companies are already being held.

Regardless of the results to be produced by these negotiations, the IGB project is expected to be developed as it ranks as a leading EU infrastructure priority.

Greece-Bulgaria pipeline receives bids - WORLD PIPELINES

Thursday, 08 December 2016 09:17
Anna Nicklin, Editorial Assistant

According to a news statement from ICGB – the joint venture building the Interconnector Greece-Bulgaria (IGB) natural gas pipeline – five offers were submitted for the use of the pipeline on a long term basis for the binding phase of the market test.

IGB is estimated to cost approximately €220 million (US$235 million). The pipeline will transport gas with a total capacity of 4.3 billion m3 of natural gas. According to the statement, the second phase of the market test saw capacity amount to 2.7 billion m3, of which 1.57 billion m3 are reserved. It is expected that the IGB pipeline will connect to the Trans Adriatic pipeline (TAP) to, in turn, allow Bulgaria to receive Azerbaijani gas.

Binding phase of market test for gas link Greece-Bulgaria gets five bids - SEE NEWS

Dugopolje-Split gas pipeline (by EVN)

December 2, 2016

SOFIA (Bulgaria) - Five offers were received on a long term basis for the binding phase of the market test for the gas interconnector Greece-Bulgaria, the company in charge of the project said on Friday.

"The announced capacity within the second phase of the market test amounts to 2.7 billion cu m, 1.57 billion cu m of which are reserved," ICGB said in a statement.

According to the procedure, the market test will be completed with the implementation of the advanced reservation capacity agreements by the companies which submitted the offers, upon approval of the relevant allocation by the national regulators of Greece and Bulgaria.

Sofia mulls participation in floating LNG terminal in Alexandroupolis - NEW EUROPE

OCTOBER 5, 2016, 19:06
By Kostis Geropoulos, Energy & Russian Affairs Editor, New Europe

Greece and Bulgaria discussed the development of a natural gas pipeline between the two countries on October 5 in Sofia in the framework of a Market Test for the project that would link the southeast European energy market.

According to an emailed press release from the Greek Energy and Environment Ministry, Minister Panos Skourletis, his Bulgarian counterpart Temenuzka Petkova and the ICGB consortium discussed the Interconnector Greece Bulgaria (IGB). Talks focused especially on plans to build a floating liquefied natural gas (LNG) terminal in Alexandroupolis, the completion of the reverse flow pipeline between the two countries and bilateral energy cooperation issues.

Skourletis highlighted the strategic importance of IGB for the energy security of Europe, the diversification of energy sources and routes and the economies of Greece and Bulgaria.