A small but important gas pipeline eases Southeast Europe’s dependency on Russia, the Financial Times notes in a story on the Interconnector Greece-Bulgaria (IGB). The development is part of the “moves to increase energy sector competition, boost crossborder supplies and decrease the region’s and Europe’s dependency on Russia for natural gas” which “are afoot in the Balkans.”Construction of the 180 km IGB is due to start next year, counting on EUR 45 B in funding and EUR 100 M guarantee facility from Bulgaria. It will be able to ship 3 to 5 billion cubic meters of gas on a yearly …read more
Source: Novinite
