Text size

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

published on 5/26/21 1:23 PM

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.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Azerbaijan Azeri gas energy regulator gas interconnector Ivan Ivanov Komotini natural gas

More from category

Sofia best city in Europe to retire to: Moneypenny survey

Sofia is the best city in Europe to retire to, according to a survey by the business solutions company Moneypenny, Forbes writes. The survey takes into account factors such as average cost of living, retirement savings needed, and a variety of..

published on 8/6/24 11:29 AM

The Bulgarian National Bank has lowered the base interest rate

The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..

published on 8/1/24 11:39 AM

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

published on 7/30/24 12:30 PM