BAKU, Azerbaijan, Dec. 10
By Leman Zeynalova – Trend:
The results of the feasibility study for participation of Azerbaijan’s state oil company SOCAR in Bulgaria’s gas distribution market are under consideration of the relevant bodies, Ibrahim Ahmadov, deputy head of the public relations and events department at Azerbaijan’s state oil company SOCAR, told Trend.
SOCAR Balkan was holding consultations with Ernst &Young, which carried out the study.
As for Albania, where SOCAR Balkan will carry out detailed design of the gas pipeline between the cities of Fier (compressor station of the Trans Adriatic Pipeline (TAP) in Albania) and Vlora, Ahmadov said that the progress in the implementation of this project now depends on Albania, which earlier revised the timeframe for the detailed design.
SOCAR Balkan and Albania’s Albgaz company signed a letter of intent in February 2018 on providing engineering design services in Albania.
A gas pipeline will be built between the Albanian cities of Fier and Vlora in order to ensure gas supply to Albania as part of the Southern Gas Corridor project.
Bulgaria expects to receive Azerbaijani gas through IGB, a gas pipeline that will be connected to the Trans Adriatic Pipeline (TAP).
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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