Release date: 19 May 2014
Promoter – Financial Intermediary
KONINKLIJKE VOPAK NV NEDERLANDSE GASUNIE NVLocation
Description
The project concerns the extension of the Bank-financed Gate terminal, a Liquefied Natural Gas (LNG) import and export terminal in the Port of Rotterdam. The project will allow LNG break bulk by means of a dedicated and open access loading facility for small LNG tanker ships. These tanker ships can in turn efficiently facilitate onward LNG distribution and fuelling of ships that run on LNG.
Objectives
The Project's objectives are to allow the bulk breaking of LNG, enabling efficient onward LNG distribution and use of LNG as clean shipping fuel.
Comments
Sector(s)
- Energy - Mining and quarrying
Proposed EIB finance (Approximate amount)
EUR 38 million
Total cost (Approximate amount)
EUR 109 million
Environmental aspects
As the project has been screened-out of the EIA Directive based on the technical characteristics of the project and the criteria defined in the Dutch Decree on Environmental Impact Assessment, a formal request has been made to the promoter to provide a written confirmation from the competent authority that the project (including the basin and quay wall construction to be carried out by the Port of Rotterdam (PoR)) does not have a significant negative impact on any site of nature conservation importance.
Procurement
The detailed procurement procedures and their adequacy with the EIB Guide to Procurement will be determined during appraisal.
Status
Signed - 8/10/2014
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).