The Greek-Bulgarian consortium ICGB, responsible for the IGB pipeline, remains committed to expanding the pipeline’s capacity from 3 to 5 billion cubic meters per year despite recent setbacks.
Although the non-binding market test showed interest in a capacity of 4 billion cubic meters annually, this did not translate into binding commitments in the latest market test. Project officials stressed the importance of the IGB pipeline’s connection to the forthcoming Alexandroupoli LNG terminal in northeastern Greece, highlighting that capacity expansion is contingent upon the terminal becoming commercially operational.
The Alexandroupoli LNG terminal launch has been delayed to October due to ongoing technical issues. Additionally, the ICGB consortium noted that US financial support for the Vertical Corridor project, which aims to connect Greece’s gas system with Eastern Europe, is under review in light of the recent lack of binding market interest.
