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        REN-SISTEMA NACIONAL DE GAS NATURAL

        Signature(s)

        Amount
        € 150,000,000
        Countries
        Sector(s)
        Portugal : € 150,000,000
        Energy : € 150,000,000
        Signature date(s)
        28/07/2009 : € 75,000,000
        28/07/2009 : € 75,000,000
        Other links
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Sines LNG Terminal expansion - PT
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Carriço Underground Gas Storage expansion - PT

        Summary sheet

        Release date
        15 June 2009
        Status
        Reference
        Signed | 28/07/2009
        20090252
        Project name
        Promoter - financial intermediary
        REN-Sistema Nacional De Gas Natural

        REN Gasodutos SA
        REN Atlântico SA
        REN Armazenagem SA

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 150 million.
        Estimated at EUR 300 million.
        Location
        Sector(s)
        Description
        Objectives

        The project consists of three schemes: the expansion of the LNG-Terminal in Sines, the construction of a compressor station at Carregado and the expansion of the Carriço underground storage.

        To support the beneficiary’s investment plan which aims at reinforcing and extending the natural gas system throughout Portugal.

        Environmental aspects
        Procurement

        The project schemes (with the exception of the compression station) need environmental assessments as required in the EIA Directive 85/337/EC and amendments of 1997 and 2003. By their technical characteristics all schemes fall under Annex I or II of the directive.

        Investments under the project are subject to the procurement procedures as defined in Directive 2004/17/EC for entities operating in the water, energy, transport and postal services sector.

        Other links
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Sines LNG Terminal expansion - PT
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Carriço Underground Gas Storage expansion - PT

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

        Related publications