The IGB Project (Gas Interconnector Greece-Bulgaria) is being implemented by the joint venture company ICGB AD, registered in Bulgaria in 2011, with shareholders BEH EAD (50%) and IGI Poseidon (50%).
The co-shareholder IGI Poseidon is a company, registered in Greece, with shareholders being the Greek public gas corporation DEPA SA (50%) and the Italian energy group Edison SpA (50%).
In accordance with its Articles of Association, ICGB AD will be the owner of the IGB gas pipeline and will finance its realization, will allocate its capacity, and will receive revenue from the transportation of natural gas.
The regulatory status of IGB is regulated by an exemption decision from third-party regulated access. The deadline for completion of the construction of the interconnector is 18 months after the initiation of construction activities.
IGB is expected to enter into operation in 2022.
Gas Interconnector Greece-Bulgaria is co-financed by the European Union's
European Energy Programme for Recovery programme.
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The European Union is not responsible for any use that may be made of the information contained therein.