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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Cyprus : € 150,000,000
    Energy : € 150,000,000
    Signature date(s)
    30/11/2020 : € 150,000,000

    Summary sheet

    Release date
    7 August 2019
    Status
    Reference
    Signed | 30/11/2020
    20180481
    Project name
    Promoter - financial intermediary
    CYPRUS GAS IMPORT FACILITY (CYPRUSGAS2EU)
    NATURAL GAS PUBLIC COMPANY LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 312 million
    Location
    Sector(s)
    Description
    Objectives

    The project will finance the construction of Liquefied Natural Gas import, regasification, storage and pipeline infrastructure.

    The aim is to introduce natural gas to Cyprus. The project is a critical component of the country's energy strategy in line with the EU regulations. It will introduce for the first time natural gas with a view to enable the country to enhance its energy security, reduce cost of energy, whilst at the same time meeting its energy mix objectives and reduce CO2 and other air pollutant emissions.

    Environmental aspects
    Procurement

    The project will require an Environmental Impact Assessment (EIA) in line with EIA Directive 2011/92/EU.

    The promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by Directive 2014/25/EU, including publication in the Official Journal of the EU where appropriate.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Impact Assessment (ESIA) - CYPRUS GAS IMPORT FACILITY (CYPRUSGAS2EU) - Non Technical Summary
    Publication Date
    7 May 2020
    Document language
    Main Topic
    Lending
    Document Number
    130538661
    Document Focus
    Environmental Information
    Project Number
    20180481
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CYPRUS GAS IMPORT FACILITY (CYPRUSGAS2EU) - Link to Promoter's website for EIA package
    Publication Date
    7 May 2020
    Document language
    Main Topic
    Lending
    Document Number
    130542282
    Document Focus
    Environmental Information
    Project Number
    20180481
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - CYPRUS GAS IMPORT FACILITY (CYPRUSGAS2EU)
    Publication Date
    30 Jun 2020
    Document language
    Main Topic
    Lending
    Document Number
    129323601
    Document Focus
    Environmental Information
    Project Number
    20180481
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    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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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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.

    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 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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