Baku, Azerbaijan, Oct.17
By Leman Zeynalova – Trend:
The Interconnector Greece-Bulgaria (IGB) project, which will transport Azerbaijani gas to Bulgaria, envisages a two-stage development, Trend reports with reference to Italy’s Edison company.
Edison, through IGI-POSEIDON - a joint venture with the Greek company DEPA SA - signed the agreements for the start-up of the construction of IGB, an interconnection pipeline between Greece and Bulgaria.
In the first stage, the pipeline capacity will be 3 billion cubic meters of gas, of which 2.7 billion cubic meters will be offered for the long-term market, the remaining share of 0.3 billion cubic meters in the short term, according to the Italian company.
In a second phase, also depending on the evolution of the market, the capacity of the pipeline can be increased to 5.3 billion cubic meters of gas thanks to the addition of a compression station: 4.5 billion cubic meters of gas 0.5 billion cubic meters of short-term gas will be offered for long-term products, said Edison.
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.
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