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    Signature(s)

    Amount
    € 1,000,000,000
    Countries
    Sector(s)
    Spain : € 1,000,000,000
    Energy : € 1,000,000,000
    Signature date(s)
    30/04/2009 : € 100,000,000
    2/03/2012 : € 175,000,000
    7/05/2009 : € 175,000,000
    17/11/2011 : € 200,000,000
    19/12/2008 : € 350,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    29 January 2008
    Status
    Reference
    Signed | 19/12/2008
    20070379
    Project name
    Promoter - financial intermediary
    Enagas España III
    Enagas
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to 50% of the project cost, with a maximum amount of EUR 1000 million.
    The cost of the programme is estimated by the promoter at EUR 3988 million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the promoter’s investment programme during 2007-2011 in the natural gas sector in Spain. It consists to a large extent of Energy-TEN projects of common interest, including priority TEN projects with regard to LNG import, gas transmission and underground storage. The programme components are dispersed throughout the country including the Balearic and Canary archipelagoes.

    The purpose is to meet growing gas demand and to improve the country’s security of supply through investments in new LNG re-gasification installations, gas transmission pipelines and underground storages.

    Environmental aspects
    Procurement

    All programme components will need environmental assessments as required in the EIA Directive 85/337/EC and amendments of 1997 and 2003. By their technical characteristics all components do fall under Annex I or II of the directive.

    Investments under the programme are subject to the procurement procedures as defined in Directive 2004/17/EC for entities operating in the water, energy, transport and postal services sector.

    Link to source
    Summary sheet

    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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