BAKU, Azerbaijan, Nov.29
By Leman Zeynalova – Trend:
The construction of the gas interconnector between Greece and Bulgaria (IGB) will be completed by the end of 2020, Bulgaria’s Minister of Energy Temenuzhka Petkova specified at the Bulgarian National Assembly, Trend reports citing Radio Bulgaria.
She noted that the construction of this interconnector should end simultaneously with the construction of the Trans-Adriatic Pipeline.
“Thus, the contract between Bulgargaz and the Azerbaijani company SOCAR for the delivery of 1 billion cubic meters of gas from Shah Deniz gas field can be fulfilled, Minister Petkova added. We must complete the construction of the gas interconnector with Greece so at the end of 2020 we are able to receive these gas quantities from the Caspian region,” Temenuzhka Petkova said.
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.
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