BULGARTRANSGAZ

Pursuant to a decision of the National Assembly of March 14, 2024, promulgated on March 19, 2024, on a proposal by the executive director of Bulgartransgaz EAD Vladimir Malinov the Management Board and the Supervisory Board of the company took the decision for carrying-out a public procurement in relation to the initiative of the gas transmission operators of Bulgaria, Greece, Romania, Hungary, Slovakia, Ukraine and Moldova for the Vertical Corridor.

Bulgartransgaz's hydrogen transportation infrastructure project has been included in the EU's list of projects of common interest (PCI) and will become an important 'green' project for the country and the region, the head of „Bulgartransgaz“ Vladimir Malinov said, Trend reports.

According to him, Bulgartransgaz's proposed project to create infrastructure for hydrogen transportation is key to the implementation of the concept of clean hydrogen transportation.

Bulgarian gas transport operator Bulgartransgaz, which has a 20 percent stake in the first phase of the new liquefied natural gas (LNG) terminal in Alexandroupolis, will analyze the possibility of acquiring a stake in the second phase of the terminal as well, CEO of Bulgartransgaz Vladimir Malinov says, Trend reports.

Following a tender in accordance with the Public Procurement Law, ICGB commissions a Bulgarian company to develop a detailed design for the Stara Zagora gas metering station (GIS2), which will expand the capacity of the IGB gas pipeline. The transport operator is working to develop the gas pipeline infrastructure and increase the total technical capacity from 3 billion cubic meters per year to 5 billion cubic meters per year.

Plans to expand the capacity of the IGB interconnector to 5 billion cubic meters per year will be of great importance to be able to transfer 10 billion cubic meters per year of LNG from the terminals in Greece and Caspian gas through the Southern Gas Corridor, reaching Moldova, Ukraine, Hungary and Slovakia.

The Trans Adriatic Pipeline (TAP) consortium is consulting with Greek gas transmission operators on a technical agreement that covers the possibility of delivering gas to eurozone buyers from the new floating liquefied natural gas terminal (FSRU) in Alexandroupolis to their markets via TAP.

A source knowledgeable in this matter exclusively told Trend about this.

The Greek group "Copelouzos" will soon buy out Gazprom's stake in the Greek consortium "Prometheus Gas" and will become the sole shareholder in the consortium, as it currently owns 50 percent of the capital and the rest 50 percent are held by the Russian state-owned gas giant, a source from " Copelouzos" told Agence France-Presse today, BTA reported.

"This is a divorce by mutual consent mainly because of the war in Ukraine and the European sanctions," said an employee of the Kopeluzos group, who wished to remain anonymous.

The IGB project connects Bulgaria with the Trans-Adriatic Pipeline, allowing gas to be transported from Azerbaijan through Greece to Italy and the region of Southeast Europe.

The project company ICGB, responsible for construction of the Interconnector Greece-Bulgaria (IGB) will be licensed as a transmission system operator (INGS Management license) in Greece, ICGB’s Executive Officer on the Bulgarian side Teodora Georgieva said in an exclusive interview with Trend.