SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

N. Macedonia's tender for Greece gas link attracts five bids - report

Feb 8, 2024, 11:20:09 AMArticle by Dragana Petrushevska
share
February 8 (SeeNews) - Five potential investors have submitted bids in a tender by North Macedonia's state-owned natural gas transmission company Nomagas for the construction of the North Macedonian part of a natural gas interconnector with Greece, an assignment valued at 83.7 million euro ($90.2 million), VAT excluded, local media reported on Thursday.

N. Macedonia's tender for Greece gas link attracts five bids - report
Gas pipeline. Source: Gasunie.

The tender attracted four bids from foreign companies and one from a local one, news provider Faktor reported, citing a statement by Nomagas.

The evaluation is underway with no set deadline due to the voluminous nature of the proposals. However, Nomagas expects construction to start by the end of March if there is an acceptable offer, the report reads.

Nomagas launched the tender for the works on the gas link in November and the final deadline for applications ended on February 1. The project involves the construction of a 67 km gas pipeline and the installation of the accompanying facilities, which should be completed in 34 months after the signing of the contract, according to the tender documents.

The project is implemented with funds provided by the European Investment Bank (EIB).

In 2021, the governments of North Macedonia and Greece signed an agreement for the construction of a cross-border natural gas interconnector.

North Macedonia does not have natural gas deposits and relies on imports from Russia transited through Bulgaria under a gas supply contract with Gazprom that will expire in 2030.

($ = 0.928 euro)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.