A pivotal gas infrastructure -
The gas Interconnector Greece-Bulgaria (IGB Pipeline) is a pivotal infrastructure to connect the Greek and Bulgarian gas networks, enhancing South-East Europe’s (SEE) security of supply and allowing imports from various sources.
The IGB project is being developed by ICGB AD, a 50-50 joint venture between IGI Poseidon SA and Bulgarian Energy Holding.
The IGB will have an initial transportation capacity of 3 Bcm/y (billion cubic meters per year) from Greece to Bulgaria that could be upgraded up to 5Bcm/y at a later stage, in response to the market demand. The IGB Pipeline will also be equipped in order to offer physical and/or commercial reverse flow.
The route +
The IGB pipeline will be interconnected in Greece, in proximity of Komotini, with both DESFA and TAP systems and will stretch for approximately 180 km until Stara Zagora in Bulgaria where it will be interconnected with Bulgartransgaz system.
European support +
In 2015, with the support of the Bulgarian and Greek Governments and as a result of the benefits that the project brings to Europe, the IGB pipeline has been confirmed as Project of Common Interest (PCI), being included by the EU Commission in the second PCI list among the Southern Gas Corridor projects. In addition, IGB has been identified as a priority project of the EU’s Central and South-Eastern European Gas Connectivity (CESEC) initiative which aims to support and accelerate the development of strategic infrastructure.
The IGB project has also been included in the last Ten Years Development Plan (TYNDP), in line with the objective of the European Network Transportation System Operators of Gas (ENTSOG) to create a single European market for gas and a reliable and safe transmission network capable of meeting Europe's current and future needs.
The project has been awarded in 2010 with European grants for up to 45 million euro, through the European Economic Recovery Plan (EERP) for the performance of the FEED (Front-End-Engineering-Design) and for pipeline manufacturing and installation .
Development status +
The IGB project has obtained the Installation Act in Greece, the approval of the technical design in Bulgaria and the Environmental Impact Assessment (EIA) was approved by both competent Ministries of the two countries. The final construction permits are therefore under completion.
In December 2015 the IGB’s Final Investment Decision (FID) was taken by ICGB Shareholders. Construction is scheduled to start during the 1st quarter of 2018 and the Commercial Operation Date (COD) is envisaged in 2020.
In October 2019, the Final Agreements for the start of construction activities of the Interconnector Greece-Bulgaria (IGB) were signed in Sofia, in the presence of the Bulgarian Minister for Energy and the Minister of Environment and Energy of the Hellenic Republic. In addition to the Intergovernmental Agreement signed by the two Ministers, which sets out the conditions for the construction and operation of the IGB pipeline, the following agreements were signed: the Revised ICGB’s Shareholder Agreement, the Loan Agreement with the European Investment Bank (EIB), Gas Transportation Agreements (GTAs) among the project company and shippers, the contract for the supply of pipes with Corinth Pipeworks and the Construction Contract with AVAX.
More information about the IGB pipeline can be found on the ICGB website: http://www.icgb.eu