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THE PROJECT
AGREEMENTS AND AUTHORISATIONS
OPEN SEASON PROCEDURE
ENVIRONMENT
WHO IS BUILDING IT
PRESS ROOM
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AGREEMENTS AND AUTHORISATIONS
November 2005: Signing of the Italy-Greece Intergovernmental Agreement
It establishes the commitment of the Italian and Greek Governments to support the IGI Project recognising it as a priority for linking the Italian and Greek gas networks
This agreement has been ratified by the Greek Parliament (law No. 3441/2006) and the Italian Parliament (law No. 210 of 25 October 2007).

November 2006: Start of the authorisation procedure for the Italian section of the Poseidon pipeline

January 2007: Greek Ministerial Decree Δ1/Γ/1588/24/1/2007
It approves the list of programmed expansions of the Greek national natural gas transmission system to include the onshore section of the IGI Project in the Greek territory.

June 2007: Start of the authorisation procedure for the Greek section of the Poseidon pipeline

June 2007: Third Party Access exemption
The Italian Ministry of Economic Development, with the favourable opinion of the Greek Ministry of Development, the European Commission, AEEG and RAE, adopted a Decree granting a Third Party Access Exemption to Edison and Depa for the use of 1.015 Million Normal Cubic metres per hour of the initial capacity of the pipeline, for a period of 25 years.

July 2007: Signing of the Italy-Greece-Turkey Intergovernmental Agreement
This agreement establishes the commitment of the Governments to the timely realisation of the ITGI corridor and to the finalisation of the relevant transit agreements with Edison and Depa.
This agreement has been ratified by the Greek Parliament (law. No. 3637/07.02.2008) and it is under ratification in Turkey and in Italy.

August 2007: Signing of the Memorandum of Cooperation between Greece and Azerbaijan
This agreement establishes the interest of the Governments to possible gas supply agreements between Greece and Azerbaijan for volumes destined to Italy and Greece via the IGI Project.
This agreement has been ratified by the Greek Parliament with Law n. 3638/07.02.2008

November 2007: Edison & DEPA submit additions related to the EIA study

December 2007: Signing of the Protocol of Cooperation between Italy and Azerbaijan
This agreement establishes the commitment of the Governments to support the gas supply negotiations between Edison and Socar for volumes destined to Italy via the IGI Project.

June 2008: Incorporation of IGI Poseidon S.A.

June 2008: Approval by AEEG, RAE and the Greek Ministry of Development of the Open Season procedure for the Poseidon Pipeline

December 2008: Agreement between Otranto Municipality and IGI Poseidon S.A. on the construction of the landfall and the onshore facilities in the Italian territory.

July 2009: Inclusion of ITGI Poseidon in the list of the projects eligible to be funded through the European Energy Plan for Recovery (EU Regulation 663/09).

July 2009: MoU among Bulgarian Energy Holding EAD, Depa S.A. and Edison S.p.A. for the development of the branch to Bulgaria of the ITGI project, namely the Interconnector Greece-Bulgaria. IGI Poseidon will own 50% of the company that will build and operate the new pipeline from Komotini to Stara Zagora.

November 2009: Submission of the Preliminary Environmental Assessment Study for the Greek section of the Poseidon Pipeline to the Greek Ministry for the Environment, Energy and Climatic Change.

The development and realisation of the Poseidon project, as part of the ITGI Corridor, is contributing to create an institutional and regulatory framework for the import of gas from the Caspian and Middle East countries to Europe. This framework will further enhance the development of gas production in the Caspian Basin and Middle East area.
 
 
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