The IGB’s Network Code is ready

22.02.2019

ICGB AD has submitted to the regulators of Bulgaria and Greece the Network Code for the IGB gas pipeline, thus finalizing successfully the next step of the process towards the certification as an independent transmission system operator. The Code includes:

  • all rules and procedures for operation of the gas transmission system of the IGB project and details on the rights and obligations of the transmission system operator and the shippers;
  • detailed procedures of normal operation, including nomination of capacity at IGB entry and exit points for forward and reverse flow;
  • all necessary procedures for the secondary trading, which will be available to all traders;
  • congestion management procedures and the use-it-or-lose-it arrangements;
  • data publication procedures on the functionality and availability of capacity for all pipeline users.

The deadline for submission of the Network Code to the national regulators of Bulgaria and Greece ends on July 1st, 2019 – not later than 12 months prior to the date of entering into commercial operation of the gas interconnector. The Code has been prepared and submitted more than 4 months in advance in compliance with the project company’s aim to finalize all required procedures on time.

Following a coordination with the regulatory bodies of both countries, the Network Code will be published on ICGB’s website.

Source: ICGB AD