ICGB selects Greece's J&P-Avax to build Greece-Bulgaria gas link

15/05/2019 09:29 Natural Gas

news

ICGB, the project company developing the Gas Interconnector Greece-Bulgaria, said on Tuesday it has picked Greece's J&P-Avax to buid the gas link for 144.8 million euro ($162.6 million).

Construction works should be completed in 18 months.

 

The IGB pipeline, which has a total estimated cost of 220 million euro, will connect the Greek gas transmission system in the area of Komotini to the Bulgarian gas transmission system in the area of Stara Zagora.


The planned length of the pipeline is 182 km and the projected capacity will be up to 3 billion cubic meters per year in the direction from Greece to Bulgaria.

 

The construction of the pipeline is expected to start around May 20, Bulgarian prime minister Boyko Borissov said last month.

 

The project is being implemented by the joint venture company ICGB, in which state-owned Bulgarian Energy Holding (BEH) and Greece-registered IGI Poseidon hold equal stakes.

Source: seenews.com

Yamal-Europe pipeline gas flows dive

27/05/2020 09:23:00

Deliveries along the Yamal-Europe pipeline dropped sharply on 24-25 May and were nominated even lower today, likely driven by weaker European demand for Russian gas.

<READ MORE

UK’s power system emissions hit all-time low and wholesale power prices go negative

27/05/2020 09:19:00

The two records were set over the weekend as renewable energy generation soared, coinciding with continued low demand due to the ongoing coronavirus lockdown.

READ MORE

Daily (26.06.2020): German forward prices increased by over 2% on Monday tracking stronger carbon prices

26/05/2020 13:15:00

Oil markets were relatively quiet with no significant movements on Monday due to Memorial Day in US and Spring Bank Holiday in the UK. However, o firmer demand and output cuts lent support to prices.

READ MORE