Baku, Azerbaijan, Dec. 10
Bulgaria and Greece signed a final investment decision on the Interconnector Greece-Bulgaria (IGB) project on Dec. 10, Reuters reported.
The 180-km pipeline is to be built by a Bulgarian-Greek joint venture that also includes Italian energy group Edison SpA.
IGB pipeline will allow Bulgaria to receive Azerbaijani gas, in particular, the gas produced from Azerbaijan's Shah Deniz 2 gas and condensate field.
IGB is expected to be connected to the Trans Adriatic pipeline via which gas from the Shah Deniz field will be delivered to the European markets.
Construction of IGB with an initial annual capacity of 3 billion cubic metres per year is expected to start in October 2016.