“92% of the Gas Interconnector Greece-Bulgaria, ICGB, is ready. The interconnector will be ready by the end of June, and will be tested with gas as of July,” Teodora Georgieva, Bulgarian Executive Officer of the company ICGB which is constructing the interconnector said for public service TV BNT.
"The 182-km. long linear part of the pipeline is ready. The pipes have been laid and covered, tests have been conducted. Besides Covid-19, the construction work has also been slowed down by delayed crane deliveries, but they too have now been tested. What remains is the construction of the gas stations in Stara Zagora in Bulgaria and in Komotini in Greece. The construction company is due to pay damages of EUR 90,000 per every day of delay after the beginning of 2022. The pipe’s capacity, which is 3 million cubic metres, and it has already been reserved," Teodora Georgieva said.
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Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are..
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