ICGB, the operator of the Greece-Bulgaria gas interconnection, plans to stage the binding phase of market testing in mid-2024 for the planned capacity expansion from the current 3 to 5 billion cubic meters per year. The company said in a statement that the pipeline’s capacity may be increased as early as 2025. The company added that it has completed demand assessment reports, advancing joint technical studies to increase capacity at the pipeline’s interconnection points with Greece and Bulgaria’s gas systems.
The Greece-Bulgaria gas link was commissioned in October 2022 and was crucial in helping Bulgaria wean itself off Russian gas. It reported significant interest from gas traders during the initial non-binding phase of market testing for capacity expansion earlier this year.
