Oslo: A Norwegian court will hear an appeal next week by four firms seeking to overturn a ruling that upheld a government decision to cut offshore gas transportation tariffs.
The firms - owned by Allianz, UBS, the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board - said the slashed tariffs would cost them 15bn crowns ($1.8bn) in lost earning by 2028.
Solveig Gas, Njord Gas Infrastructure, Silex Gas andInfragas, which hold a combined 44 percent stake in pipeline owner Gassled, said Oslo's decision was illegal and took it to court, but lost the case in September.
The appeal hearing is expected to last from January 31 until April 7.
