ICGB: No risk for Bulgaria to lose gas contract with Azerbaijan
Baku, Azerbaijan, April 10
By Leman Zeynalova – Trend:
Implementation of the Interconnector Greece-Bulgaria (IGB) project is going in accordance with the schedule and the road map, a source in the ICGB AD joint venture company, engaged in the project’s realization, told Trend April 10.
So, there is no risk for Bulgaria to lose the gas contract signed between Azerbaijan’s state oil company SOCAR and Bulgargaz for supply of 1 billion cubic meters of natural gas per year from Shah Deniz 2, added the source.
Earlier, Bulgaria’s Energy Minister Nikolay Pavlov warned that the country may lose the gas contract with Azerbaijan if the construction of IGB is not completed by 2020.
IGB is a gas pipeline, which 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 (TAP) via which gas from the Shah Deniz field will be delivered to the European markets.
The initial capacity of IGB will be 3 billion cubic meters of gas.
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