Implementation of Greek terminal to help fill IGB’s capacity

The Bulgarian government has officially declared that Bulgargaz EAD will reserve additional capacity for transmission in the interconnector Greece-Bulgaria – up to 500 million m^3/y for a period of 3 to 5 years. With a decision of the Council of Ministers Bulgargaz EAD will participate in the binding phase of the market test for booking capacity in the LNG terminal near Alexandroupolis, reserving up to 500 million m³/y, but not less than 300 million m³/y for a period of 3 to 5 years. For its part, Bulgargaz EAD is committed to contracting LNG for consumers in Bulgaria at competitive price terms through IGB. Earlier it was announced that the Bulgarian company Bulgartransgaz had signed a preliminary contract for the acquisition of 20% of the capital of the company developing the Greek project.

The LNG terminal has excellent synchronisation with the gas pipeline project between Bulgaria and Greece because of its strategic location - the facility will be in close proximity to one of the interconnector’s entry points in the area of Komotini, Greece. This provides a technological advantage in transportation the natural gas delivered to the terminal to customers in Bulgaria through IGB.

Finalising the project will help reaching the full capacity of IGB and will provide additional natural gas to markets in Southeast Europe, offering new sources and delivery routes. Both projects are crucial for achieving diversification for Bulgaria and the Balkans, boosting competition and enhancing the security of gas supplies in the region.

Read the article online at: https://www.worldpipelines.com/project-news/21012020/implementation-of-greek-terminal-to-help-fill-igbs-capacity/