Norway Plans 90% Gas Tariff Cut in Blow to Gassled Investors
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Norway proposed cutting tariffs to ship gas through its pipelines by 90 percent, in a blow to funds that have spent more than $5 billion since 2010 buying stakes in the infrastructure of western Europe’s largest gas producer.
Norway proposed lowering the prices charged by Gassled, whose owners include Canadian pension funds and a UBS AG infrastructure fund, the Oslo-based Oil and Energy Ministry said today. The reduction would apply to new contracts.