Release date: 29 January 2008
Promoter – Financial Intermediary
EnagasLocation
Description
The project comprises the promoter’s investment programme during 2007-2011 in the natural gas sector in Spain. It consists to a large extent of Energy-TEN projects of common interest, including priority TEN projects with regard to LNG import, gas transmission and underground storage. The programme components are dispersed throughout the country including the Balearic and Canary archipelagoes.
Objectives
The purpose is to meet growing gas demand and to improve the country’s security of supply through investments in new LNG re-gasification installations, gas transmission pipelines and underground storages.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of the project cost, with a maximum amount of EUR 1000 million.
Total cost (Approximate amount)
The cost of the programme is estimated by the promoter at EUR 3988 million.
Environmental aspects
All programme components will need environmental assessments as required in the EIA Directive 85/337/EC and amendments of 1997 and 2003. By their technical characteristics all components do fall under Annex I or II of the directive.
Procurement
Investments under the programme are subject to the procurement procedures as defined in Directive 2004/17/EC for entities operating in the water, energy, transport and postal services sector.
Status
Signed - 19/12/2008
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).