Daily webcast

Bulgarian National Radio © 2021 All Rights Reserved

Bulgarian energy regulator: Gas interconnector with Greece will not be ready until June 2022

Ivan Ivanov
Photo: BGNES

The Gas Interconnector Greece-Bulgaria through which gas should be delivered from Azerbaijan, will not be ready by the middle of 2022, said the chairman of the Bulgarian Energy and Water Regulatory Commission, Ivan Ivanov.

"We agreed on the request received from the company ICGB for extension of the term for commissioning of the interconnector from Greece's Komotini to Bulgaria's Stara Zagora until June 30, 2022. This is the foreseeable period during which the interconnector Nea Mesimvria - Siderokastro - Kulata will have to be used for alternative deliveries. And they are absolutely necessary for Bulgaria, because they can have a positive impact on consumers regarding the price of natural gas". 



The capacity for deliveries on the current interconnector is reserved only until September, Ivanov warned.

More from category

Bulgaria has nothing to replace coal mines with so as to guarantee a stable economy, energy industry and security

Under the EU Green Deal, of which Bulgaria is part, the use of coal in the energy industry is to be done away with by 2030. The target is for net carbon emissions to be reduced by 55%. Politicians in this country have, for a long time,..

published on 9/20/21 2:47 PM
The Bulgarian National Bank

Government assumes new internal debt

Debt securities worth 150 million euro are to be offered on the domestic market, the Bulgarian National bank has announced. The securities have a maturity of 10.5 years. This will be the first emission during the term of office of the new..

published on 9/20/21 10:45 AM

Financiers: Be financially proactive, don't keep your savings in long-term deposits

Many of our compatriots do not know how to manage their finances and prefer to "freeze" their savings in long-term deposits for " rainy days" with unfavo u rable interest rates and even losses. Analysts attribute the growing..

published on 9/15/21 11:48 AM