Norway Pre-qualifies Verbundsnetz Gas as a Licensee

The Norwegian Ministry of Petroleum and Energy has pre-qualified Verbundsnetz Gas AG as a licensee on the Norwegian continental shelf. Verbundsnetz Gas AG is a company engaged in import, storage and distribution of gas in the eastern regions of Germany (the former DDR).

Verbundsnets Gas accounts for 16 percent of the total market in Germany. The company buys about 25 percent of its gas from Norway and operates an extensive pipeline network for gas distribution in the former East Germany.

To bring in new, competent players on the shelf, Norwegian authorities have set up a system for pre-qualification of both licensees and operators. The pre-qualification system has been established to offer the companies an evaluation of their suitability to participate on the Norwegian continental shelf before they expend resources assessing specific business opportunities.

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