BULGARIA

Azerbaijan, Andorra to sign memorandum within development framework of winter tourism

By
KAMRAN GASIMOV

Azerbaijan and Andorra discussed arrangements for signing the memorandum of understanding between institutions for the development of winter tourism, Trend reports citing the State Tourism Agency of Azerbaijan.

This issue was addressed during the working visit of the agency's Chairman Fuad Naghiyev to Spain and Andorra.

IGB reveals volume of gas transportation in 2022

By
LAMAN ZEYNALOVA

Around 4.875 million megawatt hours were transported through the Greece-Bulgaria gas pipeline (IGB) for the period October 1 - December 31, 2022, the ICGB, the pipeline operator, told Trend.

“In December, just months after the pipeline entered commercial operation, IGB’s capacity reached over 94 percent booking rate. By the end of 2022, there are 11 registered users of the interconnector,” said the company.

Independent transmission operator ICGB renewed its participation in the Memorandum of Understanding on the implementation of the Vertical Gas Corridor

By
BLACKSEA-CASPIA

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.

ICGB Opinion on the Ministry of Regional Development and Public Works (MRDPW) inspection 17 November 2022

By
ИВАЛИНА ПАВЛОВА

Activities for the implementation of the stages specified in the Construction Permit for the Greece-Bulgaria Interconnector are progressing and are being implemented by the Greek construction company AVAX.

These activities do not interfere with the independent functioning of the gas pipeline, which is why the Ministry of Regional Development and Public Works MRDPW approved their separation into separate stages of construction.

Europe relies on the supply of natural gas from Azerbaijan - the ex-president of Bulgaria

By
BLACKSEA-CASPIA

Europe relies on natural gas supplies from Azerbaijan.

This was stated by the ex-president of the Republic of Bulgaria, Petar Stoyanov, in "Trend" on November 17, 2022.

"Azerbaijan will play a very important role as Europe's energy partner, especially when we are facing the current energy crisis. Not only Bulgaria, but also all of Europe rely on the future energy cooperation with Azerbaijan," said Petar Stoyanov.

Over 1 billion kWh were transferred over the IGB in the first month of commercial operation

By
DIANA ZAYKOVA

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.

Hristo Alexiev and Kostas Karamanlis: We are speeding up the intermodal connectivity project from the Aegean Sea through the Black Sea to the Danube

By
BLACKSEA-CASPIA

The intermodal transport corridor Thessaloniki-Kavala-Alexandroupolis-Burgas-Varna-Rousse will soon not be just an ambitious plan, we are determined to make it a reality. This was the general opinion expressed at a meeting today between the Deputy Prime Minister for Economic Policies and Minister of Transport and Communications Hristo Alexiev and the Minister of Infrastructure and Transport of Greece Kostas Karamanlis. Rail and road connectivity, as well as cooperation between Bulgarian and Greek ports, was the main topic of the conversation.

The Energy and Water Regulatory Commission approved a lower gas price for November

By
BLACKSEA-CASPIA

A new reduction in the price of natural gas. The Energy and Water Regulation Commission (EWRC) approved a price of BGN 123.01 per megawatt hour for November. Thus, the reduction compared to October is slightly over 47%. “Bulgargaz” proposed the price to be 123.46, but after calculation, KEVR made the correction.

The initial statement of “Bulgargaz” from the end of October was that we would pay about BGN 130. Due to the continuing tendency for gas to become cheaper on the exchanges, the approved price is lower.

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.