ICGB conducts tenders for fuel connection capability between Greece and Bulgaria – 2024-07-01 17:11:48

by times news cr

2024-07-01 17:11:48

The unbiased fuel transmission operator ICGB will right now maintain annual tenders for the capability of the fuel connection between Greece and Bulgaria, the operator introduced. Portions for 5 consecutive fuel years will probably be provided, and the capability varies for the totally different interconnection factors – respectively with the networks of the Bulgarian operator Bulgartransgaz, the Greek DEFSA and the Trans-Adriatic Gasoline Pipeline (TAP).

For the upcoming fuel 12 months 2024/2025, ICGB will supply to aggressive tenders the free capability of the 2 factors in Greece, amounting to 1,161,784,139 nm3/12 months. or 37,333,058 kWh/day/12 months. Free capability within the quantity of 1,027,334,020 nm3/12 months will probably be provided for the interconnection level in Bulgaria. or 33,012,605 kWh/day/12 months.

Merchants will be capable of pre-reserve capability for the switch of portions that can arrive from the LNG terminal on the Greek metropolis of Alexandroupolis as soon as it’s put into industrial operation.

The procedures will probably be carried out by means of two unbiased buying and selling platforms – RBP and PRISMA. Lower than two years after the beginning of business operation, the interconnector already has over 40 registered customers who can take part within the upcoming auctions, the ICGB provides.

The Greece-Bulgaria interconnector has a complete capability of three billion cubic meters per 12 months, with almost 1 billion cubic meters reserved underneath a 25-year Azeri fuel contract. The fuel pipeline contributes to securing greater than 50 p.c of Bulgaria’s home consumption of pure fuel within the winter months, which reaches 80 p.c in the summertime season, in keeping with the ICGB.

Presently, the operator firm is conducting a process to review the market curiosity in growing the entire capability to five billion cubic meters per 12 months. This can permit the switch of bigger portions of pure fuel, additional securing the nation’s home consumption and strengthening Bulgaria’s position in transit to 3rd international locations. The binding part of the method will happen after the annual auctions, with the deadline for submission of registration paperwork expiring on the finish of right now, the announcement additional states.

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