Linden Energy commences operations of pipeline in Bulgaria
Investors - OCTOBER 6, 2022

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Linden Energy commences operations of pipeline in Bulgaria

by Released

Linden Energy has finalized its participation as a 20-year, 10 percent capacity holder in the Interconnector Greece-Bulgaria (IGB). The pipeline began commercial operations on Oct. 1.

The commencement of IGB's commercial operations was marked at its inauguration ceremony in Sofia, Bulgaria, and attended by multiple heads of state.

“IGB's inauguration marked the culmination of two decades of thinking, planning and execution of a strategically important project to help U.S. allies and friends bolster their energy security by diversifying their supplies of natural gas,” said Matthew Bryza, Linden advisory board member. “While the volumes of gas that will transit IGB are not enormous, they are highly significant to create commercially attractive options for the private sector to help governments satisfy vital economic needs for their citizens.”

In July 2021, at the 3 Seas Initiative in Sofia, Linden Energy announced the acquisition of 50 percent of Bulgaria'

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