The companies in charge of the development of the Trans Adriatic Pipeline (TAP) and Interconnector Greece-Bulgaria (ICGB) have signed a Memorandum of Understanding and Cooperation (MOUC) aimed at establishing the technical cooperation in order to further develop strategic infrastructure in the region. 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.
TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe. It will connect with the Trans Anatolian Pipeline (TANAP) near the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy. The pipeline is expected to start in 2018. TAP’s shareholding is comprised of BP (20%), SOCAR (20%), Statoil (20%), Fluxys (16%), Total (10%), E.ON (9%) and Axpo (5%).
ICGB is a 170-km long pipeline that will connect Komotini, Greece, and Stara Zagora, Bulgaria.
Source: LNG World News