ICBG AD Bulgaria

ICGB renewed its participation in the Memorandum of Understanding on the implementation of the Vertical Gas Corridor with companies from 3 countries

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.

ICGB is one step away from completing the procedure for certification as an independent transmission system operator

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.

ICGB signed key agreements required for the full mobilization for the construction of the Greece-Bulgaria gas interconnector

Today, during a formal ceremony in the presence of the Ministers of Energy of Greece and Bulgaria, a number of important agreements and contracts for the IGB project were signed, regulating the financing and confirming the business model of the interconnector. Their successful completion is a prerequisite for the full mobilization for the construction of the gas interconnector.