The Norwegian government announced Tuesday it has reached a deal with seven private companies to acquire a significant portion of the country's extensive gas pipeline network. 

The deal, valued at 18.1 billion Norwegian crowns ($1.64 billion), solidifies Norway's control over its critical energy infrastructure.

The government's decision to nationalize the network, which spans approximately 9,000 kilometers (5,600 miles) along the seabed, is driven by the desire to secure energy supply and maintain low tariffs for users. 

The move comes as Norway has emerged as Europe's largest gas supplier following Russia's invasion of Ukraine and subsequent import cuts by most EU member-states. 

While seven companies agreed to the government's terms, two groups, North Sea Infrastructure and M Vest Energy, rejected the offer. Despite this, the government intends to acquire its remaining stakes, either at the end of the current concession period or through future negotiations.

The acquisition will increase the Norwegian state's ownership of Gassled, a major player in the gas transportation sector, to 100%, allowing the government to hold controlling stakes in various joint ventures, including those with Shell, CapeOmega, ConocoPhillips, Equinor, Hav Energy, Orlen, and Silex.

This strategic move highlights Norway's commitment to energy security and its role as a reliable supplier of natural gas to Europe.