Idku LNG Plant II

Promoteur – Intermédiaire Financier

Idku Natural Gas Liquefaction Company SAE

Lieu

• Égypte

Description

Construction of a second liquefied natural gas terminal at Idku with a design capacity of 3.6 Mt/a. The project is situated next to the first train project on the Idku site currently under construction.

Objectifs

The plant will enable the export of a part of the proven large natural gas reserves in Egypt and will therefore encourage trade between Egypt and both Europe and the US. It will thus generate substantial foreign exchange revenues for the country.

Commentaires

Electricity, Gas and Water Supply.

Secteur(s)

• Énergie

Montant BEI envisagé (montant approximatif)

Up to USD 350 m.

Coût total (montant approximatif)

Around USD 1,100 m.

Aspects environnementaux

The Idku LNG production was subject to a full Environmental Impact Assessment due to its size, technical complexity and location (as the case if located within the EU). The EIA was conducted by a reputable international consultant in collaboration with local consultancies and covered also the potential construction of a second train at a later stage considering the site and the facilities to be commonly used by Train-1 and Train-2. The need for a further update of the EIA will be assessed during appraisal.

• Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA)

Passation des marchés

The project is a private sector type operation with respect to the Bank’s Guide to Procurement. Shareholders are corporates with strong commercial interests in the project. The plant’s production is sold on highly competitive international and European markets.

Statut

Signé - 5/07/2005