(Read the full article on report.az)

The Greece-Bulgaria Interconnector (Interconnector Greece – Bulgaria: IGB) project, which will transfer Azerbaijani natural gas to Bulgaria, will lose in value, REPORT.AZ reported.

This is because the initially planned construction of two important automatic gas control stations has been removed from the construction contract with Greek company Avax without a corresponding change to the contract’s value.

The ICGB pipeline project company replied that the construction was financed not only with the EU money but also with funds from the European Investment Bank, which means additional control.

The company says that both facilities have been phased out due to lack of need, and their value will be deducted from payments to the contractor, which are made only based on verified costs.

The country’s authorities are also carrying out an inspection of the security of the official information stored in Bulgarian Energy Holding. In the spring of this year, it became clear that Bulgaria will not receive gas from the new interconnector with Greece until mid-2022.