On October 10 the signatures for the IGB pipeline

On October 10 the signatures for the IGB pipeline

The last signatures for the construction of the Interconnector Greece Bulgaria – IGB gas pipeline are expected on 10 October in Sofia, during Greek Environment and Energy Minister Kostis Dzioulidis’ visit to Sofia, according to AMNA.

In particular, it is expected that the Greek-Bulgarian transnational agreement on the project, the shareholder agreement between the companies involved in the project and the agreement on financing it with a loan from the European Investment Bank will be signed at the same time.

It is noted that the 182km IGB pipeline will start from Komotini and finish in Bulgaria’s Stara Zagora, initially carrying 3 billion cubic meters of natural gas a year.

It will be interconnected with the Trans-Adriatic Pipeline – TAP gas pipeline, which is set to become operational in 2020, with the National Gas System (ESFA) and in the future with the Liquefied Natural Gas Station in Alexandroupolis.

The pipeline budget amounts to 240 million euros.

The design, construction and operation of the project has been undertaken by the ICGB consortium, which is owned by the Bulgarian state-owned Bulgarian Energy Holding (BEH) (50%) and the Greek company YAFA POSEIDON (50%), to which DEPA and the Italian EDISON have equal shares

Finally, it is estimated that the pipeline will be operational by the end of 2021./ibna