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        HELLENIC NATURAL GAS IV

        Signature(s)

        Amount
        € 65,000,000
        Countries
        Sector(s)
        Greece : € 65,000,000
        Energy : € 65,000,000
        Signature date(s)
        20/12/2007 : € 65,000,000
        Other links
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - EN

        Summary sheet

        Release date
        13 June 2006
        Status
        Reference
        Signed | 20/12/2007
        20060165
        Project name
        Promoter - financial intermediary
        Hellenic Natural Gas IV
        Public Gas Corporation of Greece (DEPA) S.A.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to 50% of the project cost.
        Presently estimated at EUR 50 million, but could increase depending on the final scope of the project.
        Location
        Sector(s)
        Description
        Objectives

        The project will comprise schemes relating to the implantation of a medium pressure network to serve the larger towns along the high-pressure line from Athens to central and northern Greece, but may also include some extensions to the high-pressure network and low-pressure lines.

        The project will encourage the rational utilisation of energy resources, due to the economic and environmental advantages of natural gas over other fossil fuels, it should facilitate the development and reduce the isolation of the less favoured regions and contribute to meeting the rising demand for natural gas in Greece.

        Environmental aspects
        Procurement

        The project’s compliance with all applicable national and EU environmental legislation will be verified during appraisal.

        The promoter is required to respect national and European legislation applicable to public authorities procurement.

        Comments

        Oil and gas.

        Other links
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - EN

        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).

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        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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        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.

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        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