Norway Moves To Take Control Over Natural Gas Export Network [zero hedge]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: zero hedge
Norway Moves To Take Control Over Natural Gas Export Network Authored by Charles Kennedy via OilPrice.com, The Norwegian government has agreed to buy from private companies the majority of the natural gas export network of Western Europe’s biggest oil and gas producer, the Energy Ministry said on Tuesday. The government laid out plans in 2023 to take full ownership of the gas export network, which it considers an asset of national interest and importance. The government launched talks last year with the private companies that hold interests in the three joint ventures operating the export network, Gassled, Nyhamna, and Polarled. Norway has sought to take full state ownership over the network before many concessions expire in 2028. The government has now reached purchase agreements with seven companies to buy their interests in key parts of the infrastructure, for a combined $1.64 billion (18.1 billion Norwegian crowns). The purchase is considered to be value-neutral for the state of N
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News
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EQNR
Earnings
- 10/24/24 - Beat
EQNR
Sec Filings
- 11/20/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- EQNR's page on the SEC website