Ukraine crisis: European countries are opening a new pipeline to achieve energy independence

In order to achieve energy independence, the European countries of Greece and Bulgaria have opened a long-awaited gas pipeline.

Outgoing Bulgarian Prime Minister Kiril Petkov said at the inauguration ceremony in Komotini that “over the next few weeks the pipeline will be filled with Azeri gas and will compensate for the shutdown of Russian gas”.

Hailing the pipeline as historic, Petkov pointed out that it will connect Komotini to Stara Zagora in Bulgaria.

The cross-border gas pipeline, 182 kilometers (113 miles) long, is called the Greece-Bulgaria Gas Interconnector (IGB).

Following Moscow’s invasion of Ukraine, the Russian giant Gazprom refused to supply gas to Bulgaria because it refused to pay in rubles.

The TANAP/TAP pipeline to supply Western Europe with gas from Azerbaijan’s giant Shah Deniz gas field in the Caspian Sea will be connected by IGB.

With an upgrade option of five, the pipeline has a capacity of three billion cubic meters and is worth 220 million euros ($224 million).

The European Union, which was frantically seeking gas alternatives after Russia threatened to cut its supply, funded $45 million to the IGB to bring gas from Algeria and Qatar through the existing Revithousa LNG terminal. .

(With agency contributions)

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Christi C. Elwood