The successful implementation of the project for a liquefied natural gas terminal near the Greek city of Alexandroupolis is of particular importance for the IGB project, as it will create more opportunities for gas transmission through the Greece-Bulgaria interconnector. The two energy projects are being developed in full synergy, relying on the active support of both Bulgaria and Greece
Representatives of Bulgartransgaz EAD (Bulgaria), ICGB AD (Bulgaria), DESFA S.A. (Greece), FGSZ LTD (Hungary) and SNTGN TRANSGAZ S.A. (Romania) signed a renewal of the Memorandum of Understanding on the implementation of the Vertical Gas Corridor. The meeting was held in Brussels and the Memorandum was signed in the presence of Klaus-Dieter Borchardt, Director of the Directorate-General for Energy at the European Commission. He expressed his support for energy connectivity in the region and the development of energy supply opportunities through new initiatives.
The national energy regulators of Greece and Bulgaria issued a joint decision approving the Network Code and Tariff Code for the IGB project. With this decision, the project company ICGB AD has successfully completed the next step in the process for certification as an independent gas transmission operator.