TRANS ADRIATIC PIPELINE

ICGB and the American company „Linden“ with a contract for the transmission of natural gas for a period of 20 years

By
DIANA ZAYKOVA

The independent transmission operator ICGB, which operates the Greece-Bulgaria commercial interconnector, has entered into a natural gas transmission contract with the American company Linden Energy LLC. The agreement is for a period of 20 years.

Linden Energy LLC is a US-based company with strategic interests in the regional natural gas market. The company recently finalized an equity stake in one of Bulgaria's largest natural gas suppliers (“Overgas”) and announced plans to build a regasification facility in Albania.

Over 303,000,000 kWh were transported along the IGB in the first days of the pipeline's operation

By
DIANA ZAYKOVA

Over 303,000,000 kWh were transferred over the Greece-Bulgaria interconnector in the first days of commercial operation of the facility. The amounts are equal to more than 303 GWh from October 1st to October 9th inclusive.

Carrier ICGB will offer monthly input and output capacity for November on 17/10/2022. The auctions will be held on two leading European platforms - PRISMA and RBP.

TAP to bring more gas to Italy this year – Luca Schieppati

By
LYAMAN ZEYNALOVA

The Trans Adriatic Pipeline (TAP) will be able to bring more than 9.5 billion cubic meters of gas to Italy this year, which is 2.5 times more than in 2021, said

Luca Schieppati, TAP's Managing Director, Trend reports.

“We are talking about over 13 percent of the national gas demand,” he said addressing the Young Hope event in Italy.

The IGB gas pipeline with progress in the procedure for issuing a license for operation in Greece

By
DIANA ZAYKOVA

Procedures for commissioning the Greece-Bulgaria interconnector on October 1 are progressing according to schedule. The implementation of the project is in the final stage of realization and administrative procedures for issuing the relevant licenses for exploitation and right of use are running in parallel in both countries.

Azerbaijan names planned volume of gas export to Bulgaria

By
KYAMRAN HASAMOV

A meeting between the Minister of Economy and Industry of Bulgaria Nikola Stoyanov and Minister of Economy Parviz Shahbazov took place, Trend reports via Shahbazov's Twitter.

"We discussed the commercial commissioning of IGB Gas Interconnector Greece-Bulgaria and the gas supply to Bulgaria within the expansion of the TAP Trans Adriatic Pipeline. It is predicted that approximately 600 million cm of gas will be exported to Bulgaria by the end of the year," he stated.

Azerbaijan becomes a crucial element of Europe's energy security

By
BLACKSEA-CASPIA

“ Azerbaijan was the first country to invite foreign leading energy companies to cooperate in the Caspian Sea. We have established strategic oil pipelines to Turkey's port on the Mediterranean Sea and Georgia's port on the Black Sea, which have changed the energy map of Europe by diversifying energy supplies to the world market," said the President of the Republic of Azerbaijan, Ilham Aliyev, in his speech on "Azerbaijan's Role in energy security" at the International Forum held in Cernobbio, Italy, on September 2, 2022.

The ICGB received the final joint certification decision as an independent transmission operator

By
BLACKSEA-CASPIA

The project company ICGB received the final joint certification decision as an independent transmission operator. It was handed to the two executive directors Teodora Georgieva and Konstantinos Karayanakos by the chairmen of the national energy regulators of Bulgaria and Greece KEVR and RAE - Stanislav Todorov and Athanasios Dagoumas.