IGI POSEIDON

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.

Over 1 billion kWh were transferred via the intersystem gas connection Greece-Bulgaria in the first month of commercial operation of the gas pipeline. The total amount of natural gas for the period October 1 - November 1, 2022 amounts to 1,105,908,000 kWh or 95,000,000 cubic meters.

The independent transmission operator ICGB absorbed the last tranche of the long-term loan from the European Investment Bank (EIB) for the implementation of the intersystem gas connection Greece-Bulgaria.

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.

The interconnector with Greece is already successfully connected to the national and transit gas transmission network, as well as to neighboring transmission operators, ensuring the physical transmission of gas. The connection of the infrastructure of the two independent transmission operators for Bulgaria - ICGB and Bulgartransgaz - was carried out near Stara Zagora in the period August 16-17. The process is completed with three gold welds.

ICGB introduces a new management model in response to the requirements to transform the project company into an independent transmission operator. After the General Meeting of Shareholders (BEH and IGI Poseidon) was held, a new Statute of the company was adopted. The changes are part of ICGB's obligations under the company's certification by the national energy regulators of Greece and Bulgaria, which was announced earlier in July.

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.