GATE LNG TERMINAL EXPANSION

Promoter – Financial Intermediary

KONINKLIJKE VOPAK NV NEDERLANDSE GASUNIE NV

Location

• The Netherlands

Description

The project concerns the extension of the Bank-financed Gate terminal, a Liquefied Natural Gas (LNG) import and export terminal in the Port of Rotterdam. The project will allow LNG break bulk by means of a dedicated and open access loading facility for small LNG tanker ships. These tanker ships can in turn efficiently facilitate onward LNG distribution and fuelling of ships that run on LNG.

Objectives

The Project's objectives are to allow the bulk breaking of LNG, enabling efficient onward LNG distribution and use of LNG as clean shipping fuel.

Comments

Sector(s)

• Energy - Mining and quarrying

Proposed EIB finance (Approximate amount)

EUR 38 million

Total cost (Approximate amount)

EUR 109 million

Environmental aspects

As the project has been screened-out of the EIA Directive based on the technical characteristics of the project and the criteria defined in the Dutch Decree on Environmental Impact Assessment, a formal request has been made to the promoter to provide a written confirmation from the competent authority that the project (including the basin and quay wall construction to be carried out by the Port of Rotterdam (PoR)) does not have a significant negative impact on any site of nature conservation importance.

Procurement

The detailed procurement procedures and their adequacy with the EIB Guide to Procurement will be determined during appraisal.

Status

Signed - 8/10/2014