Nyhamna landanlegg. Image: Shell
What is NSI?
NSI focuses on combining investor interest for lower risk infrastructure investments with strong oil and gas competence. The company comprises a management team with broad commercial, operational and regulatory experience from NCS and international oil and gas business.
Strategy
NSI is an active asset holder of NCS midstream infrastructure assets. As such the objective of NSI is to build an Norwegian gas infrastructure company with a long term horizon and a diversified portfolio of lower risk, long term and steady cash flow generating assets.
Asset Focus
NSI is focusing on long life assets and to hold such assets for the duration of their respective license periods. The value creation of such assets we believe is primarily down to two main elements; safe operations with high regularity and relative cost competitiveness. In joint ventures were NSI becomes a participant the company therefore will focus on aforementioned elements.
Shell-ansatte på Nyhamna gassanlegg. Image: Shell
Management Team
Peder Sortland
CEO
Jan Mikal Heiberg
COO
Klaus Risager
CFO
Svein Arild Killingland
CCO
Board of Directors
Thor Otto Lohne
Chairman
Jannick Brøndum
Board member
Jonas Kofoed Larsen
Board member
Investors
NSI is backed by AIP Management P/S (AIP), which acts on behalf of AIP Infrastructure I K/S and its ultimate beneficial owners, the two Danish pension funds PKA and PenSam, who will provide the financing of the company and its assets.
Portfolio
Nyhamna
13,7% stake in Nyhamna JV, purchased in two separate transactions in 2018/19. Nyhamna JV comprises the Nyhamna Gas Processing plant, processing natural gas from the Ormen Lange field and the PolarLed pipeline.
Vestprosess
23% stake in Vestprosess DA acquired in three separate transactions in 2020. The Vestprosess DA company owns and operates a transport system and separation facility for wet gas (NGL). Through a 56-kilometre long pipeline, unstabilised NGL is shipped from the gas terminal at Kollsnes via the oil terminal at Sture and on to Mongstad. At Mongstad, naphtha and LPG are separated first. The naphtha is used as a raw material in the refinery, while the LPG is fractionated in a separate process facility. The fractionation products, propane and butane, are stored in caverns for subsequent export.