In June 2013, the Norwegian Ministry of Petroleum and Energy (MPE) reduced the tariffs for
access to Gassled’s offshore gas transport infrastructure located primarily on the Norwegian
continental shelf (NCS). As in other cases where similar actions have been implemented, there
is often a price to pay for greater regulatory risk. What are the implications of the MPE’s tariff
decision, upheld by the Oslo District Court, for future investment on the NCS?