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11 companies keen to take part in IGB construction

Oil&Gas Materials 11 September 2018 16:36 (UTC +04:00)

Baku, Azerbaijan, Sept.11

By Leman Zeynalova – Trend:

Eleven companies have sent requests for participation in the first phase of the restricted procedure for design, procurement and construction of the gas interconnector Greece – Bulgaria (IGB), Trend learned from the project company.

The submitted requests are from the following candidates:

S.P.S. P/C. SAIPEM SPA
Consortium COBRA-CYMI-SOCAR
FERNAS CONSTRUCTION COMPANY INCORPORATED
JV Sicilsaldo S.p.A.- Nuova Ghizzoni S.p.A - Intrakat
DZZD "IGB-2018"
SICIM S.p.A.
Consortium MAX STREICHER - TERNA/ICGB
Consortium Spiecapag Trace IGB 2018
J&P - AVAX S.A
Joint Venture CPP-AKTOR
Consortium "PROMETEI - GEO"

The estimated value of the public procurement is set as a total price of 145 million euros excluding VAT and the deadline for completing the contract is set for 18 months after the service begins.

“Entering this key stage of the procedure ensures the actual construction work for the interconnector”, said Teodora Georgieva, Executive Officer of ICGB on the Bulgarian side.

“The companies who have shown interest are well known and with proven experience and we are certain that they can manage completing the construction process”, said Konstantinos Karayannakos, ICGB’s Executive Officer from Greek side.

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 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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