Significant progress made in Greece-Bulgaria gas p/line

Steady, continuous progress has been made for the realization of the Interconnector Greece-Bulgaria (IGB) gas pipeline project, the project company ICGB AD announced on Tuesday.

The company reported the launch of several tender procedures by the end of the year and the finalization of key milestones in the first half of 2017.

The Gas Interconnector Greece-Bulgaria (IGB Pipeline) will provide a direct link between the national natural gas systems of Greece and Bulgaria with an entry point in the vicinity of Komotini in northeastern Greece and an exit point in the vicinity of Stara Zagora in southern Bulgaria.

The 182-kilometer pipeline will have a transportation capacity of approximately 3 billion cubic meters (bcm) of natural gas per year from Greece to Bulgaria, which has upgrade possibility to a yearly capacity of 5 bcm to meet possible future market needs.

In the first half of 2017, five companies, four of which are entirely new for the Bulgarian market, signed contracts for future capacity in the IGB pipeline, the company said, adding that ARCAs (advanced reservation capacity agreements) were also reached with the shippers who submitted binding offers in the first half of 2017.

"The company is in the process of preparation of the respective procedures for assigning the main contracts which are necessary for the start of the construction – selection of owner's engineer for the project; line pipe supplies; assigning of the detailed engineering, procurement and construction (EPC contract); archaeological research and selection of the construction supervision company," the statement read.

In July 2017, the ICGB Board of Directors approved an updated schedule that foresees the announcement of most of the tenders by the end of 2017.

The company also highlighted that the application for the construction permit on Bulgarian territory was submitted to the Ministry of Regional Development and Public Works on Sept. 1 and its issue is expected in the first half of September 2017.

"This is a significant achievement of the project company and reflects the full compliance with the road map of the project," the ICGB noted.

By Ebru Sengul



Notice: Trying to get property of non-object in /home/gatewayturkey/public_html/wp-content/themes/flex-mag/functions.php on line 2149
Click to comment
To Top