...

IGB to boost liquidity on Bulgarian Gas Hub Balkan

Oil&Gas Materials 21 September 2020 10:07 (UTC +04:00)
IGB to boost liquidity on Bulgarian Gas Hub Balkan

BAKU, Azerbaijan, Sept. 21

By Leman Zeynalova – Trend:

The construction of the Interconnector Greece-Bulgaria (IGB) is set to boost the liquidity on the Bulgarian Gas Hub Balkan, Teodora Georgieva, chief executive officer/executive director at project company ICGB told ICIS, Trend reports.

“I definitely think that the IGB will increase liquidity of the natural gas market and the gas exchange in the country,” she said.

“The liquefied natural gas terminal near Alexandroupolis will also contribute significantly to the efficient use of IGB capacity, and with increased demand for transmission capacity, we can increase the capacity of the interconnector by building a compressor station, added ICGB executive director,” added Georgieva.

IGB project envisages the construction of a gas interconnector that will link the gas transmission systems of Greece and Bulgaria. The total length of the gas pipeline is 182.6 km, and its capacity for gas transmission is 3 billion cubic meters per year with the option to reach 5 billion cubic meters.

The route of the gas pipeline is divided into 7 main lots, the shortest being 9.55 km long and the longest - 71.90 km. 106 km of the route in Bulgaria will be completed with automatic welding, and the remaining 45 km - by manual welding.

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest