Njord initiates legal proceedings against the Ministry of Petroleum and Energy

 

In the further process of the Company’s announcement dated 11 July 2013, and in response to the Ministry of Petroleum and Energy’s (the ‘MPE’) announcement of changes in the Tariff Regulation on 27 June 2013, Njord Gas Infrastructure AS (the ‘Company’) has filed a writ of summons to initiate legal proceedings against the MPE. In the writ of summons, the Company argues that the MPE’s decision to reduce the Gassled tariffs does not have sufficient legal basis and must therefore be ruled invalid. The Company also claims compensatory damages for the loss the Company incurs as a result of the decision.

Dated: 16 January 2014
Njord Gas Infrastructure AS

The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs – Continuing obligations.

Njord Gas Infrastructure AS is headquartered in Stavanger, Norway. It invests in Norwegian gas infrastructure and currently holds an 8.036% participating interest in Gassled. For more information, please refer to http://njordgasinfra.no/.

For information, please contact:

Birte Norheim, Finance Director
+47 51911064 office
+47 95293321 mobile

Dan-Jarle Flølo, CEO (Media)
+47 51911067 office
+47 90113159 mobile