BAKU, Azerbaijan, April 27. Greece is doing everything possible for implementation of the project for construction of the gas interconnector with Bulgaria (IGB), Deputy Minister of Foreign Affairs for Economic Diplomacy of Greece Kostas Fragkogiannis said in an exclusive interview with Trend.
The deputy minister noted that Greece participates in IGB connectivity through a joint venture composed of two Greek companies and the competent Public Gas Corporation of Greece that have agreed on the provision of 1 billion cubic meters of natural gas per year.
“Greece has done - and is doing - everything possible for the implementation of the IGB project, which will start its operation by the end of June - early July 2022. In full operation, the IGB, together with TAP, will contribute to ensuring more diversified natural gas portfolios, greater competition in the gas sector and much more competitive prices to the benefit of the end-consumers in Europe,” he added.
The IGB project is of key importance for increasing security of supply and for ensuring diversification of natural gas sources for Bulgaria and the region of Southeast Europe. At the regional level, IGB will provide access to the gas transmission network for Bulgarian municipalities and regions that didn’t have an option for connectivity. The interconnector with Greece is an entirely new route for the transmission of natural gas to Europe and will give Bulgaria and the region access to supplies from new sources. The project will connect the country with the Southern Gas Corridor and has excellent synergy with other major energy projects such as TAP, TANAP, EastMed and the LNG terminal at Alexandroupolis.
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