Greece and Bulgaria have started commercially operating a long-delayed gas pipeline, which will help decrease southeast Europe’s dependence on Russian gas and boost energy security.
“This pipeline is a game changer. It’s a game changer for Bulgaria and for Europe’s energy security. And it means freedom. It means freedom from dependency on Russian gas,” said Ursula von der Leyen, The European Commission president.
The Interconnector Greece-Bulgaria pipeline will transport 1 billion cubic metres of Azeri gas to Bulgaria. With an initial capacity of 3 bcm per year and plans to later raise this to 5 bcm, the pipeline could provide non-Russian gas to neighbouring Serbia, North Macedonia, Romania and further to Moldova and Ukraine. It will carry gas from the northern Greek city of Komotini to Stara Zagora in Bulgaria. IGB is linked to another pipeline, part of Southern Gas Corridor that carries Azeri gas to Europe.
The EUR 240 million pipeline is controlled by a joint venture between Bulgarian state energy company BEH, Greek gas utility DEPA and Italy’s Edison.
