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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    United Kingdom : € 500,000,000
    Energy : € 500,000,000
    Signature date(s)
    17/12/2004 : € 200,000,000
    21/12/2004 : € 300,000,000

    Summary sheet

    Release date
    16 June 2004
    Status
    Reference
    Signed | 17/12/2004
    20040172
    Project name
    Promoter - financial intermediary
    Britpipe Gas Importation (TEN)

    Statoil ASA
    Forusbeen 50
    4035 Stavanger
    Norway
    Contact: Mr Egil Steinberg

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 200 million.
    Estimated to be about NOK 66 billion.
    Location
    Sector(s)
    Description
    Objectives

    The project is an integrated gas production and importation scheme that includes the subsea development of the Ormen Lange gas field (100km off the coast of mid-Norway) combined with an onshore gas processing plant and a 1,200km gas import pipeline to a receiving terminal at Easington, UK. The import pipeline is routed via the Sleipner nodal platform, thus offering the flexibility of importing Ormen Lange gas to mainland Europe as well as importing gas production from other Norwegian gas fields into the UK eventually supplying some 21 bcm p.a.

    The project is an Energy-Trans European Network (TEN) of common interest. It will represent a new source of gas supply to the UK gas market, which is expected to become a net importer of gas from 2007, and will increase the UK security of supply. The capacity of the project is equivalent to about 20% of current UK gas consumption.

    Environmental aspects
    Procurement

    The project falls under Annex I of the Environmental Impact Assessment (EIA) Directive. The promoter has confirmed that detailed EIAs, including public consultation, have been carried out. The EIA and the proposed mitigating and monitoring measures will be reviewed in detail during appraisal as well as the risk analysis and the promoter’s operating safety policies.

    Previous experience with similar projects in Norway has shown that contracts are awarded after formal international tendering or international consultation of pre-qualified firms. The promoter is a subscriber to the Aquiles joint qualification system, which establishes common vendor lists after regular publication of pre-qualification notices in the OJ of the EU. The system is recognised to be in line with the EU procurement regulations.

    Comments

    Environment and TEN.

    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).

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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