IGB Now Secures Around Half Of Bulgaria's Natural Gas Consumption


(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 26. The Interconnector Greece-Bulgaria (IGB) now secures about 50 percent the quantities for Bulgaria's internal natural gas consumption, enabling new route for secure Natural gas deliveries to countries in the wider region as well, the ICGB, the pipeline operator, told Trend.

“Now that we've had the first year of operations at 3 bcm/y with most of the capacity booked, we're looking ahead at expanding to 5 bcm/y to enhance the region's energy security and independence”, said ICGB Executive Officers George Satlas and Teodora Georgieva.

They noted that ICGB is currently reviewing the market interest in this next step of the project's development.

The IGB gas pipeline connects with the Greek national gas transmission system (DESFA S.A.) and the Trans-Adriatic gas pipeline (TAP AG) 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 design capacity of up to 3 billion m3/year in the direction Greece - Bulgaria.

The gas pipeline enables the transportation of natural gas from new sources to other countries in the region as well, including Moldova and Ukraine.

Follow the author on X: @Lyaman_Zeyn

MENAFN26102023000187011040ID1107309208


Trend News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.