The Trans Adriatic Pipeline AG (TAP) and the Interconnector Greece-Bulgaria (ICGB) have signed an agreement laying the foundations for linking the two projects. The move would bring gas from Azerbaijan to Bulgaria, a country that depends on Russia for almost 100% of its gas imports.

The agreement will allow for cooperation between the two companies who will work together on realising a possible interconnection point in the vicinity of Komotini, Greece. This will enable new gas supplies to flow into the Bulgarian gas network and further into the South Eastern Europe region.

"We welcome this agreement with ICGB and see it as an opportunity to transport Caspian gas to Bulgaria, thus enhancing diversification of supply and improving security of supply in the country and in the wider South Eastern Europe Region," Lutz Landwehr, Commercial Director of TAP, said in a statement.

Following the signature of the memorandum of understanding, TAP and ICGB will start a cooperation focused on understanding the technical requirements of each project, exchanging views on best practices and on any other relevant issues that affect the development of either project.

(Sofia News Agency)

ANN.Az