Release date: 18 June 2009
Promoter – Financial Intermediary
A group of private enterprises in the energy sector.
Location
Description
The promoter group is developing the Trym gas field under the Norwegian Production License area 147 and linking it to Danish processing and exportation infrastructure. Production is expected to start-up in 2011, with detailed engineering and procurement activities to begin in mid 2009.
Objectives
The intention is to deliver the gas production to European markets, where it will make a contribution to closing the gap between growing demands and declining indigenous supplies. The project is in line with European policy objectives and the Bank’s lending priority regarding security and diversification of energy supply to Member States.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 90 million.
Total cost (Approximate amount)
EUR 326 million.
Environmental aspects
EU environmental regulation requires for projects like the Trym gas field development an environmental impact assessment according to Annex I of the EIA directive. An EIA has been compiled and the approval process from the Norwegian and Danish is currently ongoing.
Procurement
The project falls under the public procurement provisions specified by European legislation, here Directive 2004/17/EC. The promoter informed that tendering follows such provisions.
Status
Signed - 6/10/2010
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).