TAP, IGB Crucial For South-Eastern Europe Greek Deputy FM
Date
12/29/2022 2:12:56 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, Dec.29. The Trans Adriatic
Pipeline (TAP), the Interconnector Greece-Bulgaria (IGB) are of
strategic importance for the wider Balkans and South-Eastern Europe
region, Greek deputy minister of foreign affairs Kostas
Fragogiannis said in his article in the special edition of“To Vima
tis Kiriakis” newspaper, trend reports Dec.29.
“An unprecedented level of investment activity in the sector is
recorded in the last few months of 2022. Projects such as the TAP
and IGB pipelines, the Greece-North Macedonia interconnector, the
Alexandroupolis FSRU as well as the prospect of developing more
FSRU plants around Greece, are of strategic importance for the
wider Balkans and South-Eastern Europe region and turn Greece into
regional energy gateway to the EU,” he said.
As the European section of the Southern Gas Corridor, TAP has
the capacity to transport approximately 10 billion cubic meters of
gas per annum (bcm/a) to several markets in Europe. The pipeline is
also designed with the potential to expand its throughput capacity
up to 20 bcm/a.
TAP is strategically and economically important to Europe and
essential in providing reliable access to a new source of natural
gas. TAP plays a significant role in boosting Europe's energy
security, supply diversification, as well as decarbonization
objectives.
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
Ukraine.
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.
The opening ceremony of the IGB was held in Greece's Komotini on
July 8, while the inauguration ceremony was held in Bulgaria on
October 1, 2022.
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