The independent transmission operator ICGB will conduct annual auctions on July 7th and 21st for firm and interruptible capacity on the Greece-Bulgaria gas interconnector, offering participants a chance to secure key gas transmission capacity.
ICGB will hold its annual auctions for the available capacity of the Greece-Bulgaria gas interconnector, offering firm products on July 7 and interruptible products on July 21. The auctions will cover capacity at the interconnection points (IPs) with TAP, DESFA, and Bulgartransgaz.
Firm products will be available for the next five consecutive gas years. Capacity at the IPs with DESFA and TAP will be sold on a competitive basis, while interruptible reverse (virtual) capacity will be offered for the 2025/2026 gas year.
The auctions will be hosted on the PRISMA platform for TAP and DESFA interconnections, while the Regional Booking Platform (RBP) will be used for the Stara Zagora IP with Bulgartransgaz.
ICGB encourages market participants to submit bids, as this move plays a crucial role in enhancing the region’s energy independence. The interconnector, which started operations less than three years ago, has over 45 registered users and is vital for diversifying gas supplies to Southeast Europe. It currently covers a significant portion of Bulgaria's domestic gas consumption.
With a pipeline length of 182 km and a design capacity of 3 billion m³/year, the IGB interconnector could expand to 5 billion m³/year depending on market demand and regional system capacities.
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Global oil prices reached a four year high on Monday (9 March), surpassing $119 a barrel, as conflict in the Middle East rumbled on. Meanwhile, the Turkish Military said NATO air defence systems destroyed a missile fired from Iran towards the country.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Iranian civilian and military officials have pledged their obedience to the new leader, Ayatollah Seyed Mojtaba Khamenei, with President Masoud Pezeshkian saying his leadership “will herald a new era of dignity and authority for the Iranian nation.”.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
U.S. President Donald Trump and UK Prime Minister Keir Starmer spoke by phone on Sunday as tensions between Washington and Westminster deepened over the conflict involving Iran. The call came less than a day after Trump criticised Britain’s response to U.S. strikes on Iranian targets.
Norwegian police are searching for a suspect after an explosion at the U.S. embassy in Oslo on 8 March caused minor damage but no injuries, in what authorities say may have been a deliberate attack linked to the Middle East crisis.
An explosion damaged a synagogue in the Belgian city of Liège early on Monday (9 March) in what authorities said was an antisemitic attack that caused damage but no injuries.
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reports.
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