Bulgaria appreciates SOCAR’s participation in IGB project
By Trend
Bulgaria highly appreciates the participation of Azerbaijan’s state
oil company SOCAR in the market test for capacity allocation of the
interconnector Greece – Bulgaria (IGB), the newly-appointed Energy
Minister of Bulgaria Nikolay Pavlov said in an exclusive interview
with Trend.
The minister noted that the country considers this as a further
proof of the long-term strategic energy partnership between
Bulgaria and Azerbaijan.
Pavlov reminded that on November 30, 2016 the second bidding phase
of the market test for capacity allocation of IGB was
completed.
"We are satisfied with the outcome of the market test showing
increased engagement and growing market interest in the project,
and this in turn is a factor for its successful implementation," he
said.
The minister pointed out that the company responsible for the
implementation of the ICGB will continue to provide shippers with
conditions for access to the pipeline capacity and an equal and
non-discriminatory treatment of all existing and future
partners.
"The participation of SOCAR in the capacity allocation market test
for IGB is an expression of the strong confidence in the
development of the project and its key role in the realization of
the Southern Gas Corridor," added Pavlov.
In addition, this is an expression of the expected development of
the gas markets in Bulgaria, South East and Central Europe, i.e.
through the diversification of sources and routes of gas supplies,
according to the minister.
"We highly appreciate the participation of SOCAR in the market test
as a further proof of the long-term strategic energy partnership
between Bulgaria and Azerbaijan," he added.
Azerbaijan Gas International (AGI), a 100-percent subsidiary of
SOCAR, applied for pumping Azerbaijani gas through IGB in September
2016.
IGB is a gas pipeline, which will allow Bulgaria to receive
Azerbaijani gas, in particular, the gas produced from Azerbaijan's
Shah Deniz 2 gas and condensate field. IGB is expected to be
connected to the Trans Adriatic pipeline via which gas from the
Shah Deniz field will be delivered to the European markets.
The initial capacity of IGB will be 3 billion cubic meters of
gas.
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