VARNA, Bulgaria, Sept 5 The joint venture
building the natural gas pipeline between Bulgaria and Greece is
seeking binding bids for the use of the gas link by the end of
October, its chief executive said on Monday.
Interconnector Greece-Bulgaria (IGB), estimated to cost 220
million euros ($245.52 million), has received nine expressions
of interest to transport gas through it for a total capacity of
4.3 billion of cubic meters.
"We expect binding bids by the end of October. We have now
companies that have not participated in the first phase of
market test willing to place bids," Teodora Georgieva, ICGB
executive officer, said on the sidelines of an energy forum.
Bulgarian state-owned energy holding company BEH has 50
percent in the joint venture which will build the IGB pipeline,
while Greek state energy firm DEPA and Italy's Edison
hold 25 percent each.
The three shareholders in IGB, as well as Austria's OMV
, Greece's Gastrade, U.S. Noble Energy and Azerbaijan's
SOCAR have expressed an interest among others.
Bulgaria and Greece last year agreed the decision to build
the 182 km pipeline, which will help Sofia cut its almost total
dependence on Russian gas and improve the security of its
($1 = 0.8961 euros)
(Reporting by Tsvetelia Tsolova, editing by Louise Heavens)