Norse Energy signs new gas transportation agreement for its pipeline division.
M2 EQUITYBITES-September 24, 2010-Norse Energy signs new gas transportation agreement for its pipeline division(C)2010 M2 COMMUNICATIONS http://www.m2.com
Oil and gas company Norse Energy Corp ASA (OSE:NEC) (OTC:NSEEF) has signed a one-year gas transportation agreement for its pipeline systems division Norse Pipeline LLC, the company disclosed on Thursday.
As per this agreement Norse Pipeline will gather a minimum incremental daily quantity of 1,000 mcf/d, representing an increase of about 7% in the pipeline divisiona[euro](tm)s throughput, the company said.
In the first half of 2010 the pipeline division generated EBITDA of about USD1m.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 24, 2010|
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