BAKU, Azerbaijan, July 8. ICGB, the independent
operator of the Greece–Bulgaria interconnector (IGB), is launching
the non-binding phase of a process to assess market interest in
expanding the pipeline’s capacity, the ICGB told Trend.
"The assessment, carried out in close coordination with the
adjacent transmission system operators, will determine the
feasibility of increasing IGB’s technical capacity from 3 to up to
5 bcm/year. Interested market participants are invited to submit
their non-binding demand indications by September 1, 2025," said
the company.
“Expanding IGB’s capacity is a strategic move for the entire
region,” said ICGB’s Executive Officers George Satlas and Teodora
Georgieva. “As the first route for diversified natural gas supplies
to Bulgaria, IGB plays a critical role in ensuring secure,
sustainable energy for Southeast Europe. We remain firmly committed
to this process and to delivering enhanced connectivity and
resilience across the region with our partners”, they noted.
Following this phase, ICGB and adjacent TSOs will compile Demand
Assessment Reports for each interconnection point. These will form
the basis for possible future steps, including project proposals,
consultations, and regulatory approval.
The IGB (Greece-Bulgaria Gas Interconnector) is being operated
by the joint venture company ICGB AD, registered in Bulgaria in
2011 with shareholders BEH EAD (50%) and IGI Poseidon (50%). The
co-shareholder IGI Poseidon is a company registered in Greece, with
shareholders the Greek company DEPA International Projects (50%)
and the Italian energy group Edison S.p.A (50%).
In accordance with its charter, ICGB AD is the owner of the IGB
gas pipeline, financing its implementation, distributing its
transmission capacity and receiving revenues from the transmission
of natural gas.
The IGB gas pipeline connects with the Greek national gas
transmission system (DESFA) and the Trans Adriatic Pipeline (TAP)
in the area of Komotini (Greece), and with the Bulgarian gas
transmission system (Bulgartransgaz EAD) in the area of Stara
Zagora. The total length of the gas pipeline is 182 km, the
diameter of the pipe - 32'' - and a current capacity of up to 3
billion m3/year in the direction Greece - Bulgaria. Depending on
the market interest for larger capacity and the possibilities of
the neighboring gas transmission systems, the capacity of IGB is
designed with the option for increase up to 5 billion m3/year.
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