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March 26, 2015 7:55 PM ET

Gas Utilities

Company Overview of Njord Gas Infrastructure AS

Company Overview

Njord Gas Infrastructure AS focuses on developing, operating, and maintaining a gas transmission infrastructure. Its offshore gas transmission system runs from fields on the Norwegian continental shelf to continental Europe and the United Kingdom. The company was incorporated in 2010 and is based in Stavanger, Norway. Njord Gas Infrastructure AS operates as a subsidiary of Njord Gas Infrastructure Holding AS.

Sigrid Lundbakk

Næringslivets Hus

Haakon's VII's Gate 8

Stavanger,  4005


Founded in 2010


47 51 91 10 60


47 51 91 10 61

Key Executives for Njord Gas Infrastructure AS

Chief Executive Officer
Age: 41
Technical Director
Age: 66
Compensation as of Fiscal Year 2014.

Njord Gas Infrastructure AS Key Developments

Njord Gas Infrastructure AS Proposes Dividend, Payable on or about November 3, 2014

The board of directors of Njord Gas Infrastructure AS has proposed that the general assembly approves a total payment of dividend of NOK 100,000,000, which amounts to a dividend payment of NOK 10.93 per share, to the shareholder. The payment is scheduled to take place on or about 3 November 2014.

Njord Gas Infrastructure AS Announces Unaudited Consolidated Earnings Results for the First Half Year Ended June 30, 2014

Njord Gas Infrastructure AS announced unaudited consolidated earnings results for the first half year ended June 30, 2014. For the period, the company reported net operating income of NOK 628,955,000 against NOK 565,194,000. Net income before taxes was NOK 399,435,000 against NOK 427,368,000 a year ago. Net loss for the period was NOK 27,502,000 against net income of NOK 5,967,000 a year ago. Net cash flow used in operating activities was NOK 457,066,000 against NOK 364,344,000 a year ago. Investment in property plant and equipment was NOK 125,792,000 against NOK 124,134,000 for the same period a year ago. Transportation and processing revenue was NOK 1,022,214,000 against NOK 972,887,000 a year ago.

Njord Gas Infrastructure AS Proposes Dividend, Payment Effectuated on or About May 8, 2014

The general assembly of Njord Gas Infrastructure AS has resolved to support the Board of Directors proposal for a total dividend payment of NOK 250,000,000, which amounts to NOK 27.34 per share, to the shareholder. The payment will be effectuated on or about May 8, 2014.

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