CELEX: E2002C1003(01)
Language: en
Date: 2002-10-03 00:00:00
Title: Authorisation of State aid pursuant to Articles 61 and 63 of the EEA Agreement and Article 1(3) of Protocol 3 to the Surveillance and Court Agreement — EFTA Surveillance Authority decision not to raise objections

Important legal notice

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E2002C1003(01)

Authorisation of State aid pursuant to Articles 61 and 63 of the EEA Agreement and Article 1(3) of Protocol 3 to the Surveillance and Court Agreement — EFTA Surveillance Authority decision not to raise objections  

Official Journal C 238 , 03/10/2002 P. 0017 - 0017

Authorisation of State aid pursuant to Articles 61 and 63 of the EEA Agreement and Article 1(3) of Protocol 3 to the Surveillance and Court AgreementEFTA Surveillance Authority decision not to raise objections(2002/C 238/08)Date of adoption: 31 May 2002EFTA State: NorwayAid No: 020.500.041Title: On the notifications of a proposal for amended depreciation rules of the Petroleum Tax Act for production equipment and pipelines for gas linked to new large-scale liquefied natural gas (LNG) facilities located in Finnmark County or the municipalities of Kåfjord, Skjervøy, Nordreisa or Kvænangen in Troms County and the application of these rules to the Snøhvit projectObjective: The objective of the aid is regional developmentLegal basis: Ot.prp. no 84 (2001-2002)Aid intensity: Depending on the discount rate and provisions concerning interest deductability. Applying the authority's reference rate of interest of 6,32 % as discount factor, the aid intensity will be 5,8 % or less. A discount rate of 10 % gives a maximum aid intensity of 8 %. Applicable regional aid ceiling for the area is 25 % (Article 61(3)(c) EEA)Duration: The rules on accelerated depreciation, which are designed as a regional aid scheme, are based on the current regional aid map of Norway, which will expire by the end of 2006