Release date: 4 April 2013
Promoter – Financial Intermediary
AB KLAIPEDOS NAFTALocation
Description
The project consists of installing infrastructure to accommodate a floating LNG storage and regasification vessel in the port of Klaipeda, Lithuania and connecting the facility to the national gas grid.
Objectives
The project is a critical component of Lithuania’s energy strategy in line with the EU regulation on security of supply and specifically the N-1 principle, which requires backup for gas supply failures and diversification of energy sources.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 73 million
Total cost (Approximate amount)
EUR 182 million
Environmental aspects
The project will require an EIA per the Environmental Impact Assessment Directive (2011/92/EU).
Procurement
The promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by Directive 2004/17/EC, including publication in the Official Journal of the EU where appropriate.
Status
Signed - 9/07/2013
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).