Trans Adriatic Pipeline

Greek Energy Minister Kostis Hatzidakis will be in Bulgaria on Thursday to sign an agreement for the Interconnector Greece Bulgaria (IGB) gas pipeline with counterpart Temenuzhka Petkova.

The signing ceremony will be followed by working lunch for the delegations of the two countries.

Less than a year after it was upgraded with a third tank, the gas terminal on the island of Revythousa is confirming its strategic role as a feeder of the broader Balkan market, as on August 31 it will receive the first liquefied natural gas load destined for Bulgaria that is procured directly by a Bulgarian company.

The Trans Adriatic Pipeline, the last section of the $400-billion, 3,500-kilometer-long Southern Gas Corridor, is now over 87 percent complete on the third anniversary of its construction start, a statement from the TAP AG company said on May 17.

Greek firm Bernitsas Law has been named the Most Innovative Law Firm of the Year in Greece at the 20th International Financial Law Review (IFLR) Annual European Awards.

"Bernitsas won the award due to its role in key transactions of 2018 that will influence legal practice in a number of fields, in Greece and maybe elsewhere," the IFLR said in a statement.

Italy will not allow the Poseidon gas pipeline being developed by Italy's Edison and Greece's DEPA to make landfall as planned in southern Italy, the Italian prime minister said on Tuesday.

The Trans-Adriatic Pipeline (TAP) has crossed the rocky mountains of Albania, putting it on track to start delivering gas to Europe next year.
Stretching for 878 km (546 miles) from Turkey's border across Greece, Albania's mountains, and the Adriatic Sea to Italy, TAP is a cornerstone of the European Union's energy security policy to wean the bloc off Russian gas.

Greece and Bulgaria have agreed to work on the updated schedule of the Interconnector Greece-Bulgaria (IGB), which envisages transportation of Azerbaijani gas, Trend reports.

The total length of the pipeline is planned to be 182 km, reported NOVA TV. 

The Greek Minister of Environment and Energy Giorgos Stathakis granted the Interconnector Greece-Bulgaria (IGB Project) Installation Permit on the territory of the Hellenic Republic, ICGB AD (project company) told Trend.

The decision was made on Feb.7, said the company.

Bulgaria's Energy Minister Temenuzhka Petkova will visit Baku in February, Trend learned from a diplomatic source.

Petkova will attend the 5th meeting of the Advisory Council of the Southern Gas Corridor to be held on February 20 in Baku, noted the source.

The source added that Petkova will visit the country with a large delegation from Bulgaria.

The Trans-Adriatic Pipeline (TAP) has completed its 3.9-billion-euro project financing, paving the way for construction to be completed for start-up in 2020, its managing director said on Friday.