Greece and Bulgaria agree on development details for IGB Pipeline
Tue, 10 August 2010
Bulgaria and Greece have signed a development agreement outlining the precise steps and schedules for the development of the 160 km Greece – Bulgaria Interconnection Pipeline (IGB), proposed to transport gas from Komotini, Greece, to Stara Zagora, Bulgaria.
The pipeline will provide gas supply from the Turkey – Greece – Italy Interconnection Pipeline, which imports gas from the Caspian region and the Middle East to Bulgaria and the Balkan countries.
The pipeline will have a capacity to transport between 3 and 5 Bcm/a and is due to come into operation in 2013.
IGI Poseidon – owned jointly by Greek energy company DEPA and Italian energy company Edison International Holdings – and Bulgaria Energy Holdings both hold a 50 per cent interest in the pipeline project.
Image caption:
Route map of the Turkey – Greece – Italy Interconnection Pipeline.
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