Linden buys 10% capacity on newly operating IGB natural gas pipeline
Linden Energy Holding Inc. has finalized its participation as a 20-year holder of 10% of capacity on the 3-billion cu m/year (bcmy) Interconnector Greece-Bulgaria (IGB) natural gas pipeline.
The 162-km IGB began commercial operations Oct. 1, 2022. It connects the two countries’ transmission systems, carrying gas produced in Azerbaijan and transported through Greece via the 10-bcmy Trans-Adriatic Pipeline (TAP) to Greece, Bulgaria, and greater Europe. TAP connects to the 16-bcmy Trans-Anatolian Pipeline at the Greek-Turkish border.
Linden in August 2022 finalized its acquisition of 50% of Bulgarian natural gas distribution company Overgas Inc. AD. PJSC Gazprom owns the other 50%.
Overgas in July 2022 signed a tentative 10-year agreement with Excelerate Energy Inc. for 1 bcmy of gas from Excelerate’s planned 5-bcmy Vlora LNG terminal on the Albanian coast.
About the Author
Christopher E. Smith
Editor in Chief
Chris joined Oil & Gas Journal in 2005 as Pipeline Editor, having already worked for more than a decade in a variety of oil and gas industry analysis and reporting roles. He became editor-in-chief in 2019 and head of content in 2025.