Greek company becomes sole candidate for IGB pipe construction

Oil&Gas Materials 18 April 2019 15:12 (UTC +04:00)

Baku, Azerbaijan, April 18

By Leman Zeynalova – Trend:

Greece’s Corinth Pipeworks Pipe Industry, part of Viohalco group, is the sole candidate who was allowed to proceed in the tender on the construction of the pipes for Interconnector Greece-Bulgaria, Trend reports citing financialobserver.eu.

Reportedly, the company’s bid amounted to 58.2 million euros, compared to a maximum budget of 60 million euros announced in the tender.

The offers of the other two companies, Bulgaria’s Toplivo-2 and Turkey’s Erciyas Celik Boru Sanayi, were rejected due to documentation gaps, reads the report.

Reportedly, Toplivo-2 plans to appeal the tender procedure.

Corinth Pipeworks has produced the pipes for the TANAP pipeline from the Turkish border to Greece and Albania.

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.


Follow the author on Twitter: @Lyaman_Zeyn