Release date: 1 July 2005
Promoter – Financial Intermediary
Public Gas Corporation of Greece (DEPA) S. A.Location
Description
The project consists of the construction of an underground high pressure gas pipeline connecting Komotini with Alexandroupolis and the Turkish natural gas network at the Greek-Turkish border.
Objectives
The project is a priority scheme in the Trans-European Network for energy, allowing for import of natural gas from Turkey to Greece and potentially for transit of gas to other countries in Europe or the Balkans.
Comments
Oil and Gas.
Sector(s)
Proposed EIB finance (Approximate amount)
Of the order of EUR 22 m.
Total cost (Approximate amount)
Of the order of EUR 81 m.
Environmental aspects
The project falls under Annex I of Directive 97/11/EC and requires a full environmental impact assessment. The assessment was conducted and it concluded that impacts resulting from construction and operation will stay within acceptable limits. At the request of the Ministry of Environment particular attention was given to the crossing of a Natura 2000 area (protection of rare birds) with respect to pipeline routing and timing and execution of construction works.
Procurement
The project falls under the Directive 93/38/EC and its amendment 98/4/EC. The promoter has confirmed compliance with the respective requirements and with Greek legislation applicable to the project.
Status
Signed - 3/02/2006
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).