BAKU, Azerbaijan, Nov.21. The Interconnector Greece-Bulgaria (IGB) project didn’t go over budget, the ICGB, the operator, told Trend.
“IGB is in operation and completed in line with the approved budget of EUR 240 million,” the company said.
The ICGB said the company’s entire budget /capital expenses/ is EUR 253 million and the actives are EUR 240 million.
IGB connects Bulgaria with the Southern Gas Corridor and will enable secure supplies from a variety of sources to several countries in Southeast and Central Europe, including Moldova and Ukraine.
The pipeline is set to transport 1 billion cubic meters of Azerbaijani gas per year to Bulgaria. Its capacity is 3 billion cubic meters with the possibility of expanding to 5 billion cubic meters per year.
The opening ceremony of the IGB was held in Greece's Komotini on July 8, while the inauguration ceremony was held in Bulgaria on October 1, 2022.
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