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    Signature(s)

    Amount
    € 60,000,000
    Countries
    Sector(s)
    Spain : € 60,000,000
    Energy : € 60,000,000
    Signature date(s)
    15/02/2010 : € 60,000,000

    Summary sheet

    Release date
    16 March 2009
    Status
    Reference
    Signed | 15/02/2010
    20080147
    Project name
    Promoter - financial intermediary
    Sagunto LNG Plant – III - TEN

    Planta de Regasificación de Sagunto, SA.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately 50% of project cost.
    Approximately EUR 129 million.
    Location
    Sector(s)
    Description
    Objectives

    Second expansion phase of the Sagunto LNG Plant that will increase the LNG import capacity through the addition of one LNG storage tank and one open-rack seawater vaporiser.

    The project will increase import capacity of natural gas in line with national energy policy as established by the Spanish Energy Plan for the period 2008-2016 and will contribute to the development of the energy network supplying the European Union. The project is in line with European policy objectives to expand and diversify sources of energy supply.

    Environmental aspects
    Procurement

    The proposed expansion was already foreseen at the time of the initial construction of the Sagunto LNG terminal and was included in the EIA that received approval from the Ministry of Environment in November 2002. During its actual planning phase it was screened for potential impacts on the environment by the competent authority in 2007, which decided that an additional environmental impact assessment is not required. The decision was made public in the Boletín Oficial del Estado in 2007.

    In 2008 a procurement notice was advertised in the EU Official Journal and the national Boletín Oficial del Estado in order to establish a list of pre-qualified contractors for an EPC contract. The tendering procedure is in progress at present.

    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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