IENE News & Announcements
TAP and Greece Bulgaria Interconnector ICBG Signed MOUC Establishing Technical Cooperation
Posted: Tuesday, January 7, 2014
The Trans Adriatic Pipeline AG (TAP) and Interconnector Greece-Bulgaria
(ICGB) – the company in charge of the development, financing and
construction the Interconnector Greece-Bulgaria (IGB) – have signed a
Memorandum of Understanding and Cooperation (MOUC) aimed at establishing
the technical cooperation in order to further develop strategic
infrastructure in the region.
The MOUC will allow for cooperation between the two companies who will
work together on realising a possible interconnection point in the
vicinity of Komotini, Greece. This will enable new gas supplies to flow
into the Bulgarian gas network and further into the South Eastern Europe
region.
Lutz Landwehr, Commercial Director of TAP, said: “We welcome this
agreement with ICGB and see it as an opportunity to transport Caspian
gas to Bulgaria, thus enhancing diversification of supply and improving
security of supply in the country and in the wider South Eastern Europe
Region”.
Following the signature of the MOUC, TAP and ICGB will start a
cooperation focused on understanding the technical requirements of each
project, exchanging views on best practices and on any other relevant
issues that affect the development of either project.