The IGB pipeline, an energy project that is expected to transport gas from Azerbaijan to Bulgaria, is in the final stages, George Tasakos, head of the Department of Education and Networks of AVAX, said, Report informs, citing foreign media.
"At the moment, in relation to the Greece-Bulgaria interconnector IGB, we are entering the completion of the project, which as a whole has a 90-95% progress rate, and we believe that everything will go well, it will end on time and will be able to supply gas in early July – as planned – from Greece to Bulgaria," he said.
The IGB is designed to transport blue fuel from Shah Deniz 2 to Bulgaria. Through this pipeline, which will join TAP, Bulgaria will import 1 billion cubic meters of natural gas a year from Azerbaijan. Thus, the state company Bulgargaz EAD has signed a contract with the Shah Deniz consortium to purchase this amount of gas from the Shah Deniz-2 field. Azerbaijan will be able to meet 25-30% of Bulgaria's gas needs. Construction work on the IGB is expected to be completed in the second half of next year.