The operational efficiency of the Interconnector Greece-Bulgaria (IGB) is being optimized, the ICGB, the pipeline’s operator, reports.
“The IGB pipeline and the FSRU located near the city of Alexandroupolis demonstrate a significant potential to redefine the energy landscape in the region. The imminent commencement of operations at the LNG terminal is paramount in bolstering regional natural gas security and enhancing supply diversification. Leveraging the strategic positioning of the IGB in close proximity to the LNG terminal, natural gas transportation to consumers in Bulgaria and potentially adjacent countries can be ensured in the long run. As the terminal’s implementation draws near, the IGB pipeline’s operational efficiency is being optimized, facilitating the prospect of capacity boost of up to 5 billion cubic meters annually. Such an expansion would provide the capability to accommodate higher gas volumes while ensuring self-reliant energy distribution at competitive market rates,” the company said.
Additionally, ICGB has been focused on promoting and securing long-term capacity booking linked to gas quantities originating from the LNG terminal. ICGB anticipates that this trend will persist as the pipeline’s capacity expands to 5 billion cubic meters per year.
“In regards to the final tranche expected under the European Energy Program for Recovery, it’s still yet to be utilized. Upon successful completion of the procedure, ICGB will make the information public as it’s the company’s consistent practice throughout the years to provide transparent information about the financial aspect of IGB’s implementation,” said the ICGB. (Trend/Business World Magazine)
