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Gassled partners to appeal ruling in $1.8 bln tariff row

Published 2015-10-30, 04:28 a/m
© Reuters.  Gassled partners to appeal ruling in $1.8 bln tariff row
ALVG
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NG
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UBSG
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OSLO, Oct 30 (Reuters) - A group of international investors
will appeal a ruling by an Oslo court regarding Norway's
decision to cut natural gas pipeline tariffs, a decision the
investors said would cost them 15 billion crowns ($1.8 billion)
in lost earnings by 2028.
Challenging Norway's reputation as a predictable place to do
business, four firms owned by funds including Allianz ALVG.DE ,
UBS UBSG.VX , the Abu Dhabi Investment Authority and the Canada
Pension Plan Investment Board, argued that Norway illegally cut
fees on the 8,000-km (5,000-mile) Gassled gas pipeline network.

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