Norway buys majority stake in gas pipelines for $1.64 billion, aiming for full ownership by 2023.

Norway's government has agreed to buy a majority stake in the country's gas pipeline network from seven private companies for $1.64 billion, aiming for full ownership by 2023. This move seeks to keep tariffs low and ensure efficient gas management, positioning Norway as Europe's largest gas supplier post-Russian decline. The deal covers about 9,000 km of pipelines supplying gas to several European countries.

November 12, 2024
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