...

IGB operator talks on gas sources for interconnector

Oil&Gas Materials 30 January 2023 12:04 (UTC +04:00)
IGB operator talks on gas sources for interconnector
Laman Zeynalova
Laman Zeynalova
Read more

BAKU, Azerbaijan, Jan.30. Currently, the main source of supplies for the Interconnector Greece-Bulgaria (IGB) is gas flowing through the Trans-Adriatic Pipeline (TAP), Executive Officer of ICGB, the pipeline operator, Teodora Georgieva said in an exclusive interview with Trend.

“Our project is also in synergy with planned and existing LNG terminals in the region,” she explained.

Georgieva noted that as of October 1st, 2022, IGB is transporting the full volumes of Azerbaijani gas contracted between Bulgaria and Azerbaijan from the Shah Deniz II gas field.

“About half of the 3 bcm/y capacity of the pipeline – 1.57 bcm/y is booked under long-term contracts for up to 25 years. The rest in terms of free capacity is offered on the PRISMA and RBP platforms,” she explained.

The Interconnector Greece-Bulgaria began commercial operation on October 1, 2022.

Since the beginning of the current heating season, the interconnector provides nearly 1/3 of the winter consumption of natural gas in Bulgaria. IGB is the first route for diversified supplies of natural gas to Bulgaria, guaranteeing increased security of supply and diversity of sources, contributing significantly to the competition in the natural gas market, which is a prerequisite for optimized prices for businesses and domestic consumers in the country.

The gas pipeline creates an entirely new route through Bulgaria for the transportation of natural gas from new sources to a number of countries, which reinforces the key role of the interconnector not only at a national level, but also for the entire region of Central and Southeastern Europe.

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest