Release date: 15 June 2009
Promoter – Financial Intermediary
REN Gasodutos SA
REN Atlântico SA
REN Armazenagem SA
Location
Description
The project consists of three schemes: the expansion of the LNG-Terminal in Sines, the construction of a compressor station at Carregado and the expansion of the Carriço underground storage.
Objectives
To support the beneficiary’s investment plan which aims at reinforcing and extending the natural gas system throughout Portugal.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 150 million.
Total cost (Approximate amount)
Estimated at EUR 300 million.
Environmental aspects
The project schemes (with the exception of the compression station) need environmental assessments as required in the EIA Directive 85/337/EC and amendments of 1997 and 2003. By their technical characteristics all schemes fall under Annex I or II of the directive.
Procurement
Investments under the project 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 - 28/07/2009
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).