Gas Negotiating Committee To Be Abolished

The Norwegian government have proposed to terminate the marketing of offshore gas through the Gas Negotiating Committee GFU, as stated by the Oil and Gas Journal. GFU will be discontinued as of June 1st, so temporary arrangements will be implemented following the formal termination of GFU on January 1st, 2002. This conclusion will allow offshore producers to instruct contracts and agreements between themselves and companies are then able to market their gas on an individual basis.