Greece-Bulgaria Gas Link Project Gets Exemption From Several Requirements

Greece-Bulgaria Gas Link Project Gets Exemption From Several Requirements

The national regulators of Greece and Bulgaria have decided to exempt the Gas Interconnector Greece-Bulgaria project from requirements regarding third party access, tariff regulation and ownership unbundling, the project company, ICGB, said on Thursday."ICGB will study in depth the exemption decision and will proceed with the implementation of the necessary actions in order to fulfil the conditions set in the decision in the provided timeframe, including the preparation and the conclusion of the Gas Transportation Agreements," Teodora Georgieva, executive officer at ICGB from the Bulgarian side, said in a statement."The issuance of the exemption decision is the only outstanding step in the process of obtaining an installation permit for the Greek section of the pipeline, which is an equivalent to the construction permit obtained for the Bulgarian section on 4th of October 2017," Konstantinos Karayannakos, executive officer at ICGB from the Greek side, added.

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