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        BAHIA DE BIZKAIA LNG TERMINAL - AFI

        Signature(s)

        Amount
        € 200,000,000
        Countries
        Sector(s)
        Spain : € 200,000,000
        Energy : € 200,000,000
        Signature date(s)
        3/03/2003 : € 200,000,000

        Summary sheet

        Release date
        16 November 2001
        Status
        Reference
        Signed | 03/03/2003
        20010033
        Project name
        Promoter - financial intermediary
        Bahia de Bizkaia LNG Terminal - AFI
        Bahia de Bizkaia Gas SL (BBG)
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to 75% of project cost.
        Approximately EUR 270 M.
        Location
        Sector(s)
        Description
        Objectives

        The project concerns the design, construction and operation of a LNG (Liquefied Natural Gas) import terminal towards the western extremity of the Bay of Vizcaya, which harbours the port of Bilbao (Basque country).

        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 both the adjacent power plant and the regional/national gas transmission grids.

        Environmental aspects
        Procurement

        The LNG terminal comes under Annex I of the Environmental Impact Assessment Directive 97/11/EC. The promoters have conducted a formal EIA including public consultation, and have obtained conditional approval from the Ministry of Environment in November 2000 (“Declaración de Impacto Ambiental”).

        In accordance with directive 93/38/EC, the promoter has advertised for a range of materials in the EC Official Journal.

        Comments

        LNG (Liquefied Natural Gas).

        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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        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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