(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 6. US-based energy
development company Linden Energy has finalized its commitment to
use 10 percent of the capacity of the Interconnector
Greece-Bulgaria (IGB) pipeline under a 20-year contract, reports citing
Linden Energy in August completed its agreed acquisition of 50
percent of privately-held Bulgarian natural gas supplier Overgas
'The IGB pipeline is key to the diversification of gas markets
in Bulgaria and throughout the region. This pipeline will be
integral to our objectives with Overgas, and we are excited to see
it become utilized in connection with the Revithoussa terminal in
Greece,' Linden Energy founder and president Stephen Payne
He pointed out that all current market players are eagerly
awaiting the future connection of IGB with DESFA's pipeline system
and the future LNG terminal of Alexandroupolis.
IGB connects Bulgaria with the Southern Gas Corridor and will
enable secure supplies from a variety of sources to several
countries in Southeast and Central Europe, including Moldova and
The pipeline is set to transport 1 billion cubic meters of
Azerbaijani gas per year to Bulgaria. Its capacity is 3 billion
cubic meters with the possibility of expanding to 5 billion cubic
meters per year.
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