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(DF) Unless Natgas Interconnector with Greece Is Operational by Mid-2022, Bulgaria May Incur Substantial Penalties from Azeri Supplier

Unless the ICGB pipeline is commissioned by June 20, 2022, the Azeri company may trigger a penalty clause in the agreement and draw down on a substantial guarantee furnished by Bulgargaz and the Bulgarian Energy Holding (BEH) (in the amount of tens of millions of dollars monthly).