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01.04.2016 14:12
Six Companies Interested in Capacity Allocation for Greece-Bulgaria Gas Interconnector
The ICGB launched a market test procedure involving capacity allocation in December, 2015

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Six companies have expressed interest in the procedure for capacity allocation for the Greece-Bulgaria Gas Interconnector (ICGB). These are Bulgarian state-owned supplier Bulgargaz, Greek gas company DEPA, Italy’s Edison, U.S. Noble Energy, Azerbaijan’s state-run oil and gas company SOCAR and private Greek company Gastrade, Bulgarian energy minister Temenuzhka Petkova told Mediapool. The first three are shareholders of the ICGB project company.

The ICGB launched a market test procedure involving capacity allocation in December, 2015. According to Ms. Petkova, one of the candidates has stated its interest in the last days of the procedure, which led to the decision to extend the application period. According to an information published on the ICGB website, the deadline is pushed to April 8, 2016.

Construction works on the natural gas which is expected to carry as much as 3 bn cub. m annually, are expected to start in October of this year. There are plans to increase the volumes up to 5 bn cub. m. Expression of interest was filed for some 4 bn. cub. m thus far, minister Petkova said.

TAGS: ICGB | natural | gas | gas | capacity | interconnector | Bulgaria | Greece | capacity allocation | market test | energy 

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