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Europe Daily Bulletin No. 7751

5 July 2000
Contents Publication in full By article 14 / 49
GENERAL NEWS / (eu) eu/argentina
EIB grants EUR 50 million to MetroGas, joint venture between British Gas and Repsol

Luxembourg, 04/07/2000 (Agence Europe) - The European Investment Bank granted a loan of USD 50 million to MetroGas in Argentina, for the funding of a gas pipeline and a gas distribution network. MetroGas is 38% held by British Gas International and 32% by Repsol. This loan is aimed at the construction of a gas pipeline between the extraction point and the concession area, the renovation of the existing network and its extension by 2,200 km. The EIB indicates in its press release that "the...

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