Release date: 16 November 2001
Promoter – Financial Intermediary
Bahia de Bizkaia Gas SL (BBG)Location
Description
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).
Objectives
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.
Comments
LNG (Liquefied Natural Gas).
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 75% of project cost.
Total cost (Approximate amount)
Approximately EUR 270 M.
Environmental aspects
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”).
Procurement
In accordance with directive 93/38/EC, the promoter has advertised for a range of materials in the EC Official Journal.
Status
Signed - 3/03/2003
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).