Solveig Gas announces the acquisition of a 13.255% stake in the Polarled gas pipeline from Wintershall Dea.

Polarled is the first pipeline on the Norwegian continental shelf crossing the Arctic Circle. The pipeline was completed in 2017, and has delivered gas to the Nyhamna gas terminal since the fourth quarter of 2018, when the Aasta Hansteen field achieved first production. Polarled has been designed to allow the connection of additional future developments in the area. Gassco AS is the operator of the pipeline on behalf of the Polarled Joint Venture.

About Solveig Gas

Solveig Gas Norway is ultimately owned by Hitec Vision.

About HitecVision

HitecVision is a leading provider of institutional capital to the North Sea region's energy industry, providing financing solutions for companies and projects within natural gas and oil production, midstream and infrastructure. HitecVision has been investing in the North Sea region for more than three decades, and the firm’s sector expertise and structuring capabilities permits us to build companies that combine capital preservation with equity return upside potential.