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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
United Kingdom : € 100,000,000
Energy : € 100,000,000
Signature date(s)
20/12/2005 : € 100,000,000
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Summary sheet

Release date
5 April 2005
Status
Reference
Signed | 20/12/2005
20050055
Project name
Promoter - financial intermediary
DONG Britpipe Gas Importation (TEN)

DONG A/S
Agern Allé 24-26
DK-2970 Hørsholm

Contact: Mr Torben Bagger

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 100 million.
Estimated to be about NOK 66 billion.
Location
Sector(s)
Description
Objectives

The project is an integrated gas production and importation scheme that includes the subsea development of the Ormen Lange gas field (100km off the coast of mid-Norway) combined with an onshore gas processing plant and a 1,200km gas import pipeline to a receiving terminal at Easington, UK. The pipeline is routed via the Sleipner nodal platform, thus offering the flexibility of importing Ormen Lange gas to mainland Europe as well as importing gas production from other gas fields into the UK eventually supplying some 21 bcm p.a.

The project is an Energy-TEN of common interest. It will represent a new source of gas supply to the UK gas market, which is expected to become a net importer of gas from 2007, and will increase the UK security of supply. The capacity of the project is equivalent to about 20% of current UK gas consumption.

Environmental aspects
Procurement

The project falls under Annex I of the Environmental Impact Assessment (EIA) Directive (85/337/EEC as amended by 97/11/EC). All EIAs, both in Norway and the UK, have been completed and the project’s environmental approvals have been obtained. The EIAs indicate that all potential negative environmental impacts can be avoided or mitigated to an acceptable level. Furthermore, they have found the project to be unlikely to have significant effects on a site of nature conservation importance.

The operator has confirmed that its procurement procedures comply with EC/EEA regulations for entities operating in the water, energy transport and telecommunication sector, as implemented in the Norwegian Law. These regulations apply to all procurement activities unless specifically exempted. All main contracts are subject to formal international tendering or international consultation of pre-qualified firms. The operator is a subscriber to the Aquiles joint qualification system. The system establishes common vendor lists after regular publication of pre-qualification notices in the Official Journal of the European Union in compliance with EU directive 93/38.

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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.

Media enquiries

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.

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