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Two groups submit offers for gas pipeline between Bulgaria and Greece

A consortium of two Bulgarian companies and Italy’s Bonatti and Greece’s J & P AVAX submitted offers in a tender to design and build a gas pipeline between Bulgaria and Greece, project manager ICGB said on Tuesday.

Some 11 companies filed initial bids in the 145 million euro ($162.40 million) tender and they were shortlisted to five in February.

Bulgaria plans to start building the 182 km (113 mile) pipeline in July and have it operational in 2020. It will receive Azeri gas through the pipeline, thereby ending its almost complete dependence on Russian supplies.

The 240 million euros ($271.82 million) pipeline will have an annual capacity of 3 billion cubic meters.

Sofia-based ICGB said it would now make a review and evaluation of the technical proposals with final decision expected next month.

“The project company and its shareholders have mobilised all the resources to comply with the schedule for starting the construction, relying on the high quality of the technical proposals of the participants and their established professionalism,” ICGB executive directors Teodora Georgieva and Konstantinos Karayanakos said in a statement.

ICGB is 50 percent owned by Bulgaria’s state-owned BEH energy holding company. The remaining shares are held by the Greek gas company DEPA and Italy’s Edison.
Source: Reuters (Reporting by Angel Krasimirov, editing by Louise Heavens)

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