Bulgaria announces time of presenting IGB Network Code

Oil&Gas Materials 22 January 2019 14:48 (UTC +04:00)

Baku, Azerbaijan, Jan.22

By Leman Zeynalova – Trend:

The Network Code for the Interconnector Greece-Bulgaria (IGB), which envisages transportation of Azerbaijani gas to Bulgaria, is expected to be presented by the end of Q1 2019, Trend reports citing the Draft of Bulgaria’s Integrated Energy and Climate Plan for the Period from 2021 to 2030 issued by the country’s energy ministry.

After the award of the exemption decision, namely, exemption from the rules for third-party access for the capacity booked under the market test completed, exemption from regulated tariff for all the gas pipeline capacity for a period of 25 years and exemption from ownership unbundling for a period of 25 years, the project company ICGB AD started to prepare tariffs and Network Code for the pipeline.

The Network Code should be presented 12 months before the start of the commercial operation, or approximately in July 2019, reads the document.

In other words, the Network Code should be ready by the end of the first quarter of 2019.

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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