Abu Dhabi-backed investor group suing Norway government - Energy - ArabianBusiness.com

Abu Dhabi-backed investor group suing Norway government - Energy - ArabianBusiness.com:

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Norway exports gas via an 8,000-kilometre-long network to receiving terminals
in Britain, France, Belgium and Germany.

Abu Dhabi is part of a group of investors in Norway's offshore gas pipeline system which is suing the Oslo government over a plan to reduce tariffs for using the network.
Companies representing several international investment funds, such as the Abu Dhabi Investment Authority, the Canadian Pension Fund and German insurer Allianz, have spent $5.1 billion in recent years acquiring stakes in Norwegian pipelines, then considered a safe and steady investment bet.
The government said at the end of June it would stick to an earlier announced plan to lower the tariffs by 90 percent for new gas contracts, a move it said was intended to encourage higher production in mature fields and exploration in the frontier areas of the Arctic."

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