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Home»NEWS»IGB reveals quantity of gasoline transportation in 2022
NEWS

IGB reveals quantity of gasoline transportation in 2022

Mirza ShehnazBy Mirza ShehnazJanuary 11, 2023No Comments2 Mins Read
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BAKU, Azerbaijan, Jan.11. Around 4.875 million
megawatt hours had been transported via the Greece-Bulgaria gasoline
pipeline (IGB) for the interval October 1 – December 31, 2022, the
ICGB, the pipeline operator, informed Trend.

“In December, simply months after the pipeline entered industrial
operation, IGB’s capability reached over 94 p.c reserving price. By
the tip of 2022, there are 11 registered customers of the
interconnector,” mentioned the corporate.

The 182-kilometer gasoline pipeline connects the gasoline transmission
networks of Greece and Bulgaria on the Komotini and Stara Zagora
factors and is Bulgaria’s direct connection to the Trans-Adriatic
Gas Pipeline (TAP). The whole capability of IGB is 3 billion cubic
meters per 12 months, with 1.57 billion cubic meters already booked
below long-term contracts lasting as much as 25 years. Available
capability is efficiently being auctioned on the European platforms
PRISMA and RBP.

Since the start of the present heating season, the
interconnector gives practically 1/3 of the winter consumption of
pure gasoline in Bulgaria. IGB is the primary route for diversified
provides of pure gasoline to Bulgaria, guaranteeing elevated
safety of provide and variety of sources, contributing
considerably to the competitors within the pure gasoline market, which
is a prerequisite for optimized costs for companies and home
customers within the nation.

The gasoline pipeline creates a wholly new route via Bulgaria
for the transportation of pure gasoline from new sources to a quantity
of nations, which reinforces the important thing function of the interconnector
not solely at a nationwide degree, but in addition for all the area of
Central and Southeastern Europe.

Follow the writer on Twitter: @Lyaman_Zeyn

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Mirza Shehnaz

Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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