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Uniform tariff to be established for whole IGB (Exclusive)

Oil&Gas Materials 27 June 2018 12:10 (UTC +04:00)

Baku, Azerbaijan, June 27

By Leman Zeynalova – Trend:

Uniform tariff will be established for the whole Interconnector Greece-Bulgaria (IGB) after the signing of the third party exemption agreement, Teodora Georgieva, executive officer at ICGB AD joint venture company, the project’s operator, told Trend.

The exemption decision of the national regulators for IGB is expected to be adopted on 29 June, during the fifth Meeting of the High-Level Group on Central and South-Eastern Europe Connectivity (CESEC) in Sofia.

“The Exemption application and The Exemption Decision include an exemption from tariff and unbundling rules and partially, from third party access rules according to Article 36 of Directive 2009/73/EC,” said Georgieva.

She noted that the exemption decision is of a great importance for the development of the project.

“Taking into account the cross border nature of the project the exemption from tariff rules provide the possibility for a setting a uniform tariff for the whole pipeline (Greece and Bulgarian section). Further the exemption from third party access is a key prerequisite for the signing of long -term Gas Transportation Agreements with the shippers that have reserved capacity during the Market Test,” added Georgieva.

She went on to add that the intention of the Project Company is also several other agreements to be signed during the conference, that cannot be disclosed at this stage.

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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Follow the author on Twitter:@Lyaman_Zeyn

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