The European Commission has approved allocation of €33 million for construction of the Gas Interconnector Greece-Bulgaria (IGB), ONA reports citing the EC website.
IGB will allow Bulgaria to receive the gas produced from Azerbaijan's Shah Deniz 2 field. It is expected to be connected to TAP via which gas from Shah Deniz will be delivered to Europe.
“€33 million of EU funds will finance the construction of a 182-km cross-border gas interconnector between Komotini, Greece, and Stara Zagora, Bulgaria. The pipeline is a European Project of Common Interest, contributing to the objectives of the Energy Union. The two countries' gas systems will be linked for the first time, diversifying energy sources in the region and increasing energy security. With more competition on the gas market, consumers will enjoy lower prices,” said European Commission.