A consortium between Penspen and C&M Engineering have won the contract to provide Front End Engineering Design (FEED) and Environmental Impact Assessment (EIA) on the Interconnector Greece - Bulgaria natural gas pipeline, shifting the IGB project into a "decisive phase."
The provision of the FEED and EIA services will commence at the end of August and have a forecasted completion in the fourth quarter of 2012.
The interconnector IGB is a 170-kilometer-long pipeline with the throughput capacity of 3 billion cubic meters per annum (bcma), which could be increased to 5 bcma, with reverse flow capability. The project will connect Komotini, Greece, and Stara Zagora, Bulgaria.
The interconnector IGB is a project of the utmost strategic importance for Greece and Bulgaria, since it reinforces the security and provides diversification of supply in Southeastern Europe. The realization of IGB together with the development of the Turkey-Greece-Italy (ITGI) gas supply corridor, will enable the delivery of Caspian and Central Asian gas to Southern-East Europe from as early as 2014. The Interconnector will provide also the opportunity to supply liquefied natural gas from LNG terminals in Greece and Turkey.
The IGB project has already secured EU co-financing of €45.000.000 under the European Energy Program for Recovery.