Energy Crisis

Greece, North Macedonia reach final investment decision on natural gas interconnector

greece north macedonia natural gas pipeline

Photo: Nomagas

Published

October 30, 2023

Comments

0

Share

Published:

October 30, 2023

Comments:

0

Share

Greece and North Macedonia have made the final investment decision to build a 123-kilometer gas pipeline. Their first natural gas interconnection would give North Macedonia an alternative to its only supplying route from Bulgaria.

Greece’s National Natural Gas System Operator – DESFA and North Macedonia’s natural gas transmission company Nomagas have reached the final investment decision, DESFA CEO Maria Rita Galli announced at the 27th Annual Economist Government Roundtable.

She added that the Greece – North Macedonia gas interconnector entered the construction phase.

The pipeline will add a new energy supply route for North Macedonia while further strengthening the role of Greece as an energy gateway for Southeast Europe, she stressed.

Interconnector is expected to be completed by the end of 2024

The interconnector, in her words, is expected to be finished by the end of 2024. It will be 100% hydrogen-ready, supporting the transition to a more sustainable and low-carbon energy system in the region, Galli said.

Of note, a few weeks ago DESFA and Nomagas signed a contract for the supervision of the construction of North Macedonia’s section of the 123-kilometer gas interconnector.

DESFA will be in charge of the supervision of works on the 68-kilometer segment in North Macedonia. The Greek company was awarded the job in a tender procedure.

The pipeline’s initial capacity will be 1.5 billion cubic meters per year

The financing for the supervision was approved by the European Investment Bank (EIB). The EUR 2.47 million grant was paid out through the Western Balkans Investment Framework (WBIF).

The interconnector will run from Nea Mesimvria to Negotino via the Evzoni/Gevgelija crossing. Its initial capacity will be 1.5 billion cubic meters per year, with the possibility of expanding it to three billion cubic meters.

DESFA also said that studies have been carried out to adopt the appropriate requirements for the pipeline to carry green hydrogen.

Tags: ,
Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Share-coal-power-Greece-tumbles-to-zero

Share of coal power in Greece tumbles to zero

20 May 2024 - Greece went seven days without coal power in the system as natural gas plants and renewables were far more competitive

france auction floating wind

France awards world’s first commercial-scale feed-in tariffs for floating wind

20 May 2024 - France selected the winners of its 250 MW South Brittany floating offshore wind auction, the world’s first conducted at a commercial scale

woodburn magna PPA croatia

Woodburn Capital Partners inks PPA with automotive company Magna

20 May 2024 - Automotive company Magna has signed its first ever power purchase agreement (PPA), with Woodburn Capital Partners

GGF Kostadinov Green investment inflection point many countries

GGF’s Kostadinov: Green investment is nearing inflection point in many countries

20 May 2024 - The Balkans require a critical mass of renewables development to unleash green investment, Borislav Kostadinov from GGF said at Belgrade Energy Forum