BAKU, Azerbaijan, Nov.12
By Leman Zeynalova - Trend:
Necessary equipment has been mobilized for the Interconnector Greece-Bulgaria (IGB), Bulgarian Prime Minister Boyko Borissov wrote in a post on his Facebook profile, Trend reports.
He pointed out that the construction of the Greece-Bulgaria interconnector is one of the key priorities of the Bulgarian government in the energy sector.
"The implementation of the interconnection is of strategic importance not only for the two countries but also for Europe. The project is included in the 7 top priority projects of the European Union in the field of energy," added Borissov.
"It will lead to a real diversification of routes and sources of supply through Greece through supplies to the Caspian region, the Middle East and the Eastern Mediterranean through existing and new terminals in Greece and Turkey. The necessary equipment was mobilized, the excavation activities started and the pipes were delivered within the first kilometer of the gas conductor," Borissov wrote.
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 Interconnector Greece-Bulgaria project envisages a two-stage development.
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.
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.
---
Follow the author on Twitter:@Lyaman_Zeyn