BOTAS UNDERGROUND GAS STORAGE
- Reference: 20110576
- Release date: 30 July 2012
BOTAS BORU HATLARI ILE PETROL TASIMA AS (BOTAS)
- Turkey
Construction and operation of an underground gas storage facility in a salt formation in South Central Turkey.
The financing of this project would contribute to the EIBs energy lending priority on diversification and security of supply. By improving operation of the national natural gas system, the project will facilitate further consolidation of Turkey in its role of gas transit country and further development of the regional gas market.
- Energy
EUR 250 million
Total cost (Approximate amount)EUR 500 million
Environmental aspectsAn Environmental Impact Assessment (EIA) was conducted for the project and approved by the Turkish competent authority in 2003. An addendum was issued and disclosed to the public in 2005. The EIA identified a number of potential impacts associated with the construction and operation phases of the project. These impacts can be managed through internationally accepted standards of good engineering practices and mitigated through appropriate environmental and social measures.
The promoter awarded in 2011 the implementation of the project to a general contractor after international competitive bidding. The contract includes the supply and installation of surface and sub-surface facilities, water supply and brine discharge pipelines, and cavern leaching.
Under appraisal - 30/07/2012.
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).
