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Sovereign Wealth Funds Briefing - Categorized | Financials

Norway pipeline investors in new row with government over taxes

Posted on 26 February 2014

Investors including Allianz SE (ALV) and Abu Dhabi’s sovereign wealth fund, already suing Norway’s government in a gas-tariff dispute, are petitioning for tax relief to cut costs of a natural gas terminal and pipeline.
They’re seeking to add projects for a terminal in Emden, Germany, and modifications to the Norpipe pipeline to those that were proposed to receive an exemption from a tax increase, according to a hearing letter from the Gassled owners. The projects are estimated to encompass investments of 5.9 billion kroner ($980 million)………………………………………..Full Article: Source


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