Bulgaria grants 35-yr natgas transmission license to ICGB

Energy Trade

ICGB, the company developing the Gas Interconnector Greece-Bulgaria project, said that Bulgaria's Energy and Water Regulatory Commission (EWRC) granted it a 35-year license for natural gas transmission on the country's territory, according to a report by SeeNews.

A similar permit for the territory of Greece valid for 50 years is expected to be issued by the Greek energy regulator RAE, ICGB said in a statement. ICGB also said that the construction of the Greece-Bulgaria gas link is progressing at a good pace, with the welding activities completed at 96%.

"Over 145 km of the 182-kilometer route are now ready and lowered in the trench," the company said. The EUR 220 million (USD 254.1 million) gas link will connect the Greek gas transmission system in the area of Komotini to the Bulgarian gas transmission system in the area of Stara Zagora.

The projected capacity of the pipeline is up to 3 billion cubic metres per year in the direction from Greece to Bulgaria.

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