ENTSOG GRIP SC 2017-2026 / Annex B - Project Information

Current TYNDP : TYNDP 2017 - Annex A

Page 226 of 620

No political barriers. On the contrary, there is clear and declared Political support for the Project from the impacted Member States and in particular from the governments of Greece and Bulgaria. Political stability in the region of the Project's direct influence will support commercial viability of the Project. Delays in the implementation/start up of new regional interconnection infrastructures (IGB, IBS) and upgrade of existing ones including reverse flow availability. The most critical one is the Interconnector Greece-Bulgaria (IGB). Also, availability of capacity in the greek, bulgarian and romanian Transmission Systems and reverse flow capacity in Trans Balkan will enable flows from the terminal to Ukraine. Finally, reverse flow functionality to the Turkey-Greece Interconnector will open up the Turkish market to the Project. Regarding Financing: The project received grants for studies (from the 1st CEF Energy Call-August 2014) and will apply for grants for works in a future Call from CEF. Award of such Public financing will be critical for the Project's commercial viability. Also access to EIB, EBRD, EFSI, IFC PCI favourable financing tools is very important for the Project. The markets in SEE are not mature. Currently all gas transactions are done on a bilateral basis and no price transparency exists. Creation of a trading hub in the region with multiple supply options will generate significant opportunities for the marketing of gas imported through the LNG Alexandroupolis floating terminal. The Project has been awarded with grants for studies (CEF 2014 Call) and will apply for grants for works (in the next Calls) from the CEF. Award of such Public financing will be critical for the Project's commercial viability. Also access to EIB, EBRD, EFSI, IFC PCI favourable financing tools is very important for the Project.

Political

Others

Market

Financing

Market

Lack of market maturity

Financing

Availability of funds and associated conditions

Generated by ENTSOG PDWS on 10/10/2016 05:00:19 PM

Southern Corridor GRIP 2017–2026 Annex B |

130