VERTICAL CORRIDOR

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.

Interview with Teodor Detchev Ph.D., associate professor at the Higher School of Security and Economics (HSSE) in the city of Plovdiv, Bulgaria, head of the Laboratory on the Problems of the Black Sea and Caspian Region

How do you assess the level of Azerbaijani-Bulgarian relations?

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.

Over 15.5 million megawatt-hours (MWh) were transported on the Greece-Bulgaria gas interconnection in 2023. The project celebrated its first anniversary and successfully achieved 365 days of operation without interruption of activities.

The capacity of the Interconnector Greece-Bulgaria (IGB), which has 15 gas traders as registered users, was booked by 90 percent in February, Teodora Georgieva, chief executive director of ICGB company, the pipeline operator, said, Trend reports.

Moreover, she noted that in December, with over 90 percent of its capacity booked, IGB transported gas to Moldova.

Representatives of ICGB AD (Bulgaria), Bulgartransgaz EAD (Bulgaria), DESFA S.A. (Greece), Gastrade S.A. (Greece), FGSZ LTD (Hungary) and SNTGN TRANSGAZ S.A. (Romania) signed the renewal of the Memorandum of Understanding on the implementation of the Vertical Gas Corridor. The meeting took place in Athens, Greece.