NSI acquires 10% of Nyhamna JV from Shell

We are pleased to inform that the transaction to acquire 10% of Nyhamna JV from Shell have received all necessary authority approvals and was closed on October 31.

North Sea Infrastructure now holds about 13,7% interest in Nyhamna JV. Effective date for this transaction is 01.01.2019.


NSI enteres sale and purchase agreement in Vestprosess DA

North Sea Infrastructure AS (NSI) is pleased to announce that it has entered into a sale and purchase agreement with A/S Norske Shell for purchase of Shell's 8% participating interest in Vestprosess DA, based on an all cash transaction.

Subject to certain pre-emption rights, the transaction takes effect from 01.01.2019 and is furthermore subject to customary Norwegian authority approvals.

NSI is a Norwegian based company, whose strategy is to develop a portfolio of midstream assets related to the Norwegian Continental Shelf.

Peder Sortland, CEO of NSI states: "This is an add-on transaction fully in line with our strategy to build a diversified NCS portfolio of gas infrastructure assets."


NSI enters sale and purchase agreement in the Nyhamna Joint Venture

North Sea Infrastructure AS is pleased to announce that it has entered into a sale and purchase agreement with A/S Norske Shell for 10% participating interest in the Nyhamna Joint Venture, based on an all cash transaction. After the transaction, Shell will retain about 2% participating interest in the Nyhamna JV. The transaction takes effect from 01.01.2019 and is subject to customary Norwegian authority approvals.

NSI is a Norwegian based company, whose strategy is to develop a portfolio of midstream assets related to the Norwegian Continental Shelf. Prior to this transaction, NSI held a 3.7% participating interest in the Nyhamna Joint Venture. After the transaction NSI will hold a 13.7% interest in Nyhamna.

Chairman of the Board Thor Otto Lohne states:

"This is an important transaction for NSI, adding interest in an asset we know well and thereby building scale in our portfolio. It is fully in line with our strategy to build an NCS portfolio of infrastructure assets."

The majority owners of NSI are Danish pensions funds managed by AIP Management P/S (AIP). AIP manages total assets of approximately €3 billion. NSI board member Johan B. Nordang - Investment Director in AIP adds: "We continue our strategy of direct investments in infrastructure and we are looking forward to deploy additional capital into the Norwegian midstream market through NSI.