ICGB's Role in Energy Transition and Hydrogen Market Development
Key Ideas
  • ICGB, operator of the Interconnector Greece-Bulgaria, emphasizes the importance of regional cooperation for energy market integration and transition.
  • The company sees the emergence of the hydrogen/low-carbon market as vital for strategic investments and future service provision.
  • The focus remains on natural gas transportation activities, with the potential for developing hydrogen infrastructure in the long run to support energy transport.
  • ICGB actively monitors industry trends for potential integration of green gases like biomethane and hydrogen into their network, depending on market demands.
ICGB, the operator of the Interconnector Greece-Bulgaria (IGB), plays a crucial role in the energy landscape by promoting regional cooperation for energy market integration and transition. In an exclusive interview, Teodora Georgieva, ICGB Executive Officer, highlighted the significance of initiatives like the Vertical Gas Corridor and harmonization of gas quality requirements in the CESEC region. The company envisions the emergence of the hydrogen/low-carbon market as essential for their strategic investments and service provision. Georgieva emphasized the importance of TSOs in supporting the evolving energy market, stressing the need for a developed hydrogen/low-carbon market to facilitate future investments. While focusing on natural gas transportation activities, ICGB acknowledges the potential for developing hydrogen infrastructure to ensure secure and efficient energy transport, especially in the context of Europe's reduced reliance on Russian natural gas. Regarding green gases like biomethane and hydrogen, ICGB closely monitors industry trends to assess potential integration into their network. However, the current regulatory environment and business model primarily cater to natural gas transmission, necessitating the development of a dedicated market for green gases. Georgieva also addressed methane emissions management, highlighting ICGB's advanced monitoring systems like the Simone system, which enables real-time leak detection along the interconnector route. The company's commitment to safety and national security regulations underscores its proactive approach to addressing potential environmental concerns. Overall, ICGB's proactive stance towards energy transition and potential hydrogen market development reflects a positive outlook on advancing sustainable energy practices.
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