TAP and Interconnector Greece-Bulgaria Sign MoU on Technical Cooperation

The Trans Adriatic Pipeline AG (TAP) and Interconnector Greece-Bulgaria (ICGB) signed a Memorandum of Understanding and Cooperation (MOUC) to establish technical cooperation in order to further develop strategic infrastructure in the region.  

ICGB is a joint company between Bulgarian Energy Holding EAD and IGI Poseidon (50% EDISON and 50% DEPA) and is in charge of the development, financing and construction the Interconnector Greece-Bulgaria (IGB).

The MOUC will allow for cooperation between the two companies who will work together on realising a possible interconnection point in the vicinity of Komotini, Greece.  This will enable new gas supplies to flow into the Bulgarian gas network and further into the South Eastern Europe region.
             
Lutz Landwehr, Commercial Director of TAP, said: “We welcome this agreement with ICGB and see it as an opportunity to transport Caspian gas to Bulgaria, thus enhancing diversification of supply and improving security of supply in the country and in the wider South Eastern Europe Region”.

Following the signature of the MOUC, TAP and ICGB will start a cooperation focused on understanding the technical requirements of each project, exchanging views on best practices and on any other relevant issues that affect the development of either project.