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November 28, 2015 5:24 AM ET

Gas Utilities

Company Overview of Njord Gas Infrastructure AS

Company Overview

Njord Gas Infrastructure AS operates in gas transport infrastructure sector. It holds interest in Gassled, an offshore gas transmission system that runs from fields on the Norwegian continental shelf to continental Europe and the United Kingdom. The company is based in Stavanger, Norway. Njord Gas Infrastructure AS is a subsidiary of Njord Gas Infrastructure Holding AS.

Naeringslivets Hus

Haakon's VII's Gate 8

Stavanger,  4005


6 Employees


47 51 91 10 60

Key Executives for Njord Gas Infrastructure AS

Chief Executive Officer
Age: 42
Finance Director
Technical & HSE Director
Age: 67
Compensation as of Fiscal Year 2015.

Njord Gas Infrastructure AS Key Developments

Njord Gas Infrastructure AS Announces Unaudited Earnings Results for the First Half Ended June 30, 2015

Njord Gas Infrastructure AS announced unaudited earnings results for the first half ended June 30, 2015. Operating revenue for the period amounted to NOK 992 million compared to NOK 1,022 million a year ago. Net operating income for the period amounted to NOK 603 million compared to NOK 629 million a year ago. Net income for the period amounted to NOK 124 million compared to net loss of NOK 27 million a year ago. Net cash flow for the period was NOK 22 million compared to NOK 53 million a year ago. Net income before taxes was NOK 592 million against NOK 400 million a year ago. Net cash flow from operating activities was NOK 367 million compared to NOK 457 million a year ago. Investment in property plant and equipment was NOK 107 million against NOK 126 million a year ago.

Njord Gas Infrastructure as Proposes Dividend

Njord Gas Infrastructure AS announced that a dividend of NOK 150,000,000 (NOK 16.40 per share) will be proposed for the ordinary general meeting in 2015.

Njord Gas Infrastructure AS Proposes Dividend, Payable on or About 26 March 2015

The general assembly of Njord Gas Infrastructure AS has resolved to support the Board of Directors' proposal for a total dividend payment of NOK 150,000,000, which amounts to NOK 16.40 per share, to the shareholder. The payment will be effectuated on or about March 26, 2015.

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