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Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Hungary : € 75,000,000
Energy : € 75,000,000
Signature date(s)
25/07/2012 : € 75,000,000
Link to source

Summary sheet

Release date
22 February 2012
Status
Reference
Signed | 25/07/2012
20110392
Project name
Promoter - financial intermediary
Hungary-Slovakia Gas Interconnection

The project will be executed by a newly established company created as a spin off from one of the leading players in the energy sector in Hungary, traditionally connected to the Hungarian national grid and power plants, but also regularly active with domestic electricity supply companies, large industrial consumers and foreign ordering parties for completing construction, maintenance, renewal and development assignments in the energy supply business. The new project company will carry on the gas licensee activity of its parent company.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 80 million
Estimated at EUR 160 million
Location
Sector(s)
Description
Objectives

The project consists in the development of the Hungarian section of the trans-European energy network Hungary-Slovakia gas interconnection, allowing bi-directional gas transfer between the natural gas transmission systems of Hungary and Slovakia. It will include a +/-94 km DN800/PN75 transmission pipeline routed from Vecsés through Gödöllő and Balassagyarmat to the Hungarian-Slovak border with a capacity of 14,4 Mm3-day, a new compression station, a new international metering station and block valve stations.

The planned pipeline will contribute to the overall integration of EUR gas grids as an important part of the North-South gas corridor from Poland to the Balkans and the Adriatic Sea. In addition, it would provide possibility that natural gas from Western-European directions or from Polish LNG terminals at the Baltic Sea could reach Hungary and Southern Europe.

Environmental aspects
Procurement

Both the Hungarian and Slovak authorities have required EIAs. In Hungary, advanced draft environmental impact studies have been prepared for public consultation. The final environmental decision is expected for Q3 2012. In order to minimise impacts, the pipeline is planned to share the corridors of existing gas and crude oil pipelines for 95% of the route, which would have to be widened, and to avoid as much as possible sensitive areas. The planned route will nevertheless cross 3 Natura 2000 areas – the appropriate impact assessments have been carried out, and concluded that with the prescribed precautionary measures the project will have no significant negative impact. Espoo consultation with Slovakia will be completed in 2012. For the Slovakian section, the environmental permits have been received. The appropriate Natura 2000 and Habitats assessments were undertaken and impacts resulting from the scheme assessed as acceptable.

The promoter has declared to conduct the procurement for the project in accordance with the EU public utilities directive, including publication in the Official Journal of the EU. The project will be implemented under a turnkey EPC contract, for which the tender publication occurred in December 2011.

Link to source

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).

Documents

Environmental and Social Data Sheet (ESDS) - HUNGARY-SLOVAKIA GAS INTERCONNECTION
Publication Date
3 May 2016
Document language
Main Topic
Lending
Document Number
66248659
Document Focus
Environmental Information
Project Number
20110392
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - HUNGARY-SLOVAKIA GAS INTERCONNECTION
Publication Date
21 Dec 2016
Document language
Main Topic
Lending
Document Number
71844011
Document Focus
Environmental Information
Project Number
20110392
Sector(s)
Regions
Countries
Publicly available
Download now

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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.
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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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