Gassled partners to appeal ruling in $1.8 bln tariff row

Fri Oct 30, 2015 4:28am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

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, UBS, 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. (Reporting by Stine Jacobsen and Gwladys Fouche, editing by Terje Solsvik)