Sagunto LNG Plant

The project consists of the design, construction, commissioning and operation of a LNG (Liquefied Natural Gas) import terminal in the extension of the Mediterranean industrial port of Sagunto some 18 km north of Valencia.

Objectives

The project will contribute to meeting gas demand growth and diversifying gas imports to the Iberian Peninsula. The LNG terminal will receive LNG shipments and deliver natural gas to the regional/national gas transmission grids.

Comments

LNG (Liquefied Natural Gas).

Sector(s)

Energy

Proposed EIB finance (Approximate amount)

Up to 75% of project cost.

Total cost (Approximate amount)

EUR 350-400 million.

Environmental aspects

The project is classified under Annex I of the Environmental Impact Assessment (EIA) Directive (85/337/EEC as amended by 97/11/EC), and also under the Seveso II directive (EC 96/082) on the prevention of major accidents for projects involving dangerous substances. The promoter has carried out a fully-fledged EIA including public consultation, and obtained the formal approval from the Ministry of Environment in November 2002 (“Declaración de Impacto Ambiental”).

Procurement

In accordance with Directive 93/38/EC, the promoter has advertised for the main turnkey project's construction contract in the EC Official Journal.

Status

Signed - 14/07/2004.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

Construction and operation of liquefied natural gas (LNG) import terminal as part of expansion of industrial port of Sagunto, north of Valencia

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