The Interconnector Greece - Bulgaria is the additional branch of ITGI pipeline to the Balkans. The project enjoys the full support of two countries, which have signed an intergovernmental agreement for the realization of the pipeline. The Interconnector Greece-Bulgaria highlights the important role of Greece in the energy scene in Southeastern Europe.
With a total length of about 170 km starting at Komotini, the pipeline will end in Stara Zagora in Bulgaria, linking the Greek natural gas system with the Bulgarian system. The capacity of the pipeline at full development will be of approximately 5 billion cubic meters of natural gas.
The company “ICGB AD - Interconnector Greece - Bulgaria” was incorporated in January 2011, with its mission being to design, construct and operate the pipeline. IGI Poseidon S.A. and Bulgarian Energy Holding EAD each hold 50% stake in the company.
The EU, by recognizing the strategic importance of the Greek-Bulgarian Interconnector as a project of European interest, included it among the projects of the Southern Corridor-financed from the resources of the European Energy Programme for Recovery (E.E.P.R.), granting funds of the amount of 45 million euros.
