On October 1, the opening ceremony of the Greece-Bulgaria Gas Interconnector (IGB) was held in Sofia, the capital of the Republic of Bulgaria.


APA reports that the President of the Republic of Azerbaijan Ilham Aliyev participated in the ceremony.


The President of Bulgaria Rumen Radev welcomed the President of the Republic of Azerbaijan Ilham Aliyev and the heads of state and government of other countries.


A video about the technical indicators of the Greece-Bulgaria Gas Interconnector and the importance of the project was shown.


Then there were speeches.


President Ilham Aliyev spoke at the ceremony.


After the speeches, a commemorative photo was taken.

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It should be noted that the total length of the Greece-Bulgaria Gas Interconnector (IGB) is 182 kilometers, connecting the gas transmission networks of Bulgaria and Greece.


The project is implemented by the Bulgarian-Greek investment company "ICGB AD", registered in Bulgaria in 2011, together with the shareholders of Energy Holding of Bulgaria and IGI Poseidon of Greece, each of which has a 50 percent stake.


The total cost of the interconnector is more than 240 million euros.

In 2010, the European Commission allocated a grant of 45 million euros for feasibility studies and another payment of 35 million euros within the framework of the program implemented by Bulgaria.

The European Investment Bank provided a loan of 110 million euros.


It should be noted that IGB will deliver natural gas produced from Azerbaijan's "Shahdeniz-2" field to Bulgaria.

For this purpose, the Bulgarian state company "Bulgargaz EAD" has signed an agreement with the "Shahdeniz" consortium.

The annual transmission capacity of the pipeline will be 3 billion cubic meters.

In perspective, this indicator can be increased to 5 billion cubic meters per year.

Thus, Azerbaijan's natural gas will cover 25-30 percent of Bulgaria's demand.


It should also be noted that the transportation of Azerbaijani gas to Europe began at the end of 2020 with the commissioning of the last segment of the Southern Gas Corridor - TAP.

Currently, Turkey, Georgia, Greece, Bulgaria, Albania and Italy are buyers of Azerbaijani gas.

As it can be seen, the demand for Azerbaijani gas is increasing in the face of new challenges.

***

12.56

On October 1, the opening ceremony of the Greece-Bulgaria Gas Interconnector (IGB) is being held in Sofia, the capital of the Republic of Bulgaria.


APA reports that the President of the Republic of Azerbaijan Ilham Aliyev is participating in the ceremony.

The head of state made a speech at the event.

It should be noted that the total length of the Greece-Bulgaria Gas Interconnector (IGB) is 182 kilometers, connecting the gas transmission networks of Bulgaria and Greece.


The project is implemented by the Bulgarian-Greek investment company "ICGB AD", registered in Bulgaria in 2011, together with the shareholders of Energy Holding of Bulgaria and IGI Poseidon of Greece, each of which has a 50 percent stake.


The total cost of the interconnector is more than 240 million euros.

In 2010, the European Commission allocated a grant of 45 million euros for feasibility studies and another payment of 35 million euros within the framework of the program implemented by Bulgaria.

The European Investment Bank provided a loan of 110 million euros.


It should be noted that IGB will deliver natural gas produced from Azerbaijan's "Shahdeniz-2" field to Bulgaria.

For this purpose, the Bulgarian state company "Bulgargaz EAD" has signed an agreement with the "Shahdeniz" consortium.

The annual transmission capacity of the pipeline will be 3 billion cubic meters.

In perspective, this indicator can be increased to 5 billion cubic meters per year.

Thus, Azerbaijan's natural gas will cover 25-30 percent of Bulgaria's demand.


It should also be noted that the transportation of Azerbaijani gas to Europe began at the end of 2020 with the commissioning of the last segment of the Southern Gas Corridor - TAP.

Currently, Turkey, Georgia, Greece, Bulgaria, Albania and Italy are buyers of Azerbaijani gas.

As it can be seen, the demand for Azerbaijani gas is increasing in the face of new challenges.

***

12.26

On October 1, the opening ceremony of the Greece-Bulgaria Gas Interconnector (IGB) is being held in Sofia, the capital of the Republic of Bulgaria.

APA reports that the President of the Republic of Azerbaijan Ilham Aliyev is participating in the ceremony.