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VNG Norge AS

Norway

Company description

VNG Norge AS is a wholly owned subsidiary of Verbundnetz Gas AG, a German-based natural gas supplier. They are looking to establish partners and ventures in Norway via the licensing rounds. VNG Norge recently completed the acquisition of Endeavour Energy Norge AS, an Oslo-based company, increasing their number of licences to 29 and meaning that for the first time in Norway they hold assets on producing fields. VNG as a whole is looking to source increasing amounts of its gas exports from Norway, hoping to reach 10% by 2020. This will mean that the well-respected company will be looking to increase the size of their Norwegian portfolio substantially in the coming years. VNG, a key player in the German market, will be looking to become a household name in Norway in the future.

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