Release date: 11 August 2003
Promoter – Financial Intermediary
Planta de Regasificación de Sagunto, SA.Location
Description
The project consists of the design, construction, commissioning and operation of a LNG (Liquefied Natural Gas) import terminal in the extension of the Mediterranean industrial port of Sagunto some 18 km north of Valencia.
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 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)
EUR 350-400 million.
Environmental aspects
The project is classified under Annex I of the Environmental Impact Assessment (EIA) Directive (85/337/EEC as amended by 97/11/EC), and also under the Seveso II directive (EC 96/082) on the prevention of major accidents for projects involving dangerous substances. The promoter has carried out a fully-fledged EIA including public consultation, and obtained the formal approval from the Ministry of Environment in November 2002 (“Declaración de Impacto Ambiental”).
Procurement
In accordance with Directive 93/38/EC, the promoter has advertised for the main turnkey project's construction contract in the EC Official Journal.
Status
Signed - 14/07/2004
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).