Dead­line ex­ten­sion for Greece-Bul­garia pipe­line

Kathimerini English - - Focus -

The dead­line for bind­ing of­fers for the use of the nat­u­ral gas pipe­line be­tween Bul­garia and Greece has been ex­tended by a month to the end of Novem­ber due to re­quests from bid­ders, the joint ven­ture that runs the project said yes­ter­day. In­ter­con­nec­tor Greece-Bul­garia (IGB), es­ti­mated to cost 220 mil­lion eu­ros, has re­ceived nine ex­pres­sions of in­ter­est to trans­port gas through it for a to­tal ca­pac­ity of 4.3 bil­lion of cu­bic me­ters. Ear­lier this month Bul­gar­ian En­ergy Min­is­ter Te­menuzhka Petkova said four com­pa­nies that have not par­tic­i­pated in the first phase of the mar­ket test have said they are in­ter­ested in bid­ding, pend­ing a nod from Bul­gar­ian and Greek en­ergy reg­u­la­tors. Bul­gar­ian state-owned en­ergy hold­ing com­pany BEH has 50 per­cent in the joint ven­ture, which will build the IGB pipe­line, while Greek state en­ergy firm DEPA and Italy’s Edi­son hold 25 per­cent each. The three share­hold­ers in IGB, as well as Aus­tria’s OMV, Greece’s Gastrade, US Noble En­ergy and Azer­bai­jan’s So­car have ex­pressed an in­ter­est, among oth­ers.

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