An agreement has been signed by the Greek gas company DEPA and Italian Edison with Bulgarian Energy Holding for the construction of a pipeline that would allow Bulgaria to import 1 billion cubic meters of natural gas from the Caspian Sea region, through the ITGI (Interconnector Turkey-Greece-Italy) pipeline.

The 160-km long pipeline, called Interconnector Greece-Bulgaria (IGB), will extend from Komotini, northern Greece to Stara Zagora, Bulgaria. Its construction is estimated to cost €120 million with €45 million provided by the EU.

Greece and Romania agreed yesterday during a meeting in Bucharest, between Romanian Economy Minister Adriean Videanu and Greek Development Minister Kostis Hatzidakis, to promote and coordinate gas connections between Hungary, Romania, Bulgaria and Greece.

"We want to treat the Greek-Bulgarian, Bulgarian-Romanian and Romanian-Hungarian pipelines as a single whole, as a single pipeline. Especially since all three separate pipelines are financed by the European Union," Hatzidakis said adding that this project would enhance cooperation between the four countries and strengthen their geostrategic position.

Meanwhile, DESFA, Greece’s Natural Gas National System Manager, and Bulgarian Energy Holding (BEH) signed yesterday a memorandum of understanding aimed at allowing the transportation of natural gas from Greece to Bulgaria from the Revithousa LNG terminal.

Kathimerini daily: Greece – Bulgaria pipeline to raise security, lower gas prices

Source: GREEK NEWS AGENDA issued by the Secretariat Genera

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