Ørsted (company)
| File:Dong Energy.png | |
| Company type | Private |
|---|---|
| ISIN | DK0060094928  |
| Industry | Oil and gas industry Electricity |
| Founded | 2006 |
| Headquarters | , |
Key people | [Anders Eldrup]] (CEO) Fritz H. Schur (Chairman) |
| Products | Electrical power Petroleum natural gas |
| Services | Electricity and gas distribution |
| Revenue | 54,598 billion DKK (2010)[1] |
| 13,877,000,000 Danish krone (2016) | |
 4,464 billion DKK (2010) [1] | |
| Total assets | 136,489,000,000 Danish krone (2016) |
Number of employees | ca 6,000[2] |
| Website | www |
DONG Energy is Denmark's leading energy company.
History
The Danish state company Dansk Naturgas A/S was founded in 1972 to manage resources in the Danish sector of the North Sea. After some years, the company was renamed to Dansk Olie og Naturgas A/S (DONG). At the beginning of 2000s, DONG started to extend itself into the electricity market by taking long positions in electricity companies. In 2005, DONG acquired and merged Danish electrical power producers Elsam and Energi E2 and public utility (electricity distribution) companies NESA, Københavns Energi and Frederiksberg Forsyning. The result of the merger was the creation of DONG Energy. The merger was approved by the EU Commission on 14 March 2006.
Shareholders
The majority (76%) of DONG Energy is owned by the Danish Government. The rest of the shares are owned by SEAS-NVE (11%), Syd Energi (7%)and (6%) owned by smaller shareholders. According to a political agreement, the Danish Government shall maintain a majority in the company until 2025. Reduction of the ownership below 50% requires political agreement of Danish parties. An IPO and listing at the Copenhagen Stock Exchange was expected in the spring of 2008, but was suspended due to the situation of the international financial markets. An IPO is still the plan, but the timeline is currently unknown.[3]
Activities
Oil and gas exploration and production
DONG's primary focus is deep drilling. DONG Energy's core areas of oil and gas exploration and production lay in southern part of the Norwegian North Sea and the Danish part of the North Sea, Barents Sea, west of Shetland, and in the mid Norway (gas production). The reserve base is expected to be 446 million boe. In 2005, DONG Energy acquired 10.34% in the Ormen Lange gas field (operated by Shell). The share of gas reserves allocated to DONG Energy are approximately 40 billion cubic metres (1.4 trillion cubic feet).
DONG Energy owns gas pipelines from the Danish part of the North Sea to Nybro and the Swedish gas transmission network (Nova Naturgas). DONG Energy co-owns the Tyra West – F3 pipeline pipelines, which create a link from the North Sea Danish section to the Netherlands natural gas hub in Den Helder, the DEUDAN pipeline from Jutland to north of Hamburg in Germany, and the Langeled pipeline from Nyhamna terminal in Norway to Easington in the UK. DONG Energy owns a share of the Norwegian gas pipeline system. It is also party to the Baltic Gas Interconnector.
Power production
DONG Energy is the largest power producer in Denmark with market shares of 49% for electricity production and 35% for heat production. It also owns power production facilities and projects in Germany, Sweden, The Netherlands, Norway and the United Kingdom.
DONG built and operated the first large scale offshore wind farm in the world, the 160 MW Horns Rev until 2005,[4][5][6] and operates the 209 MW Horns Rev 2.[7][8]
In the United Kingdom DONG Energy operates Barrow and Burbo Bank offshore windfarms and will construct Walney Island and Gunfleet Sands I and II[9] wind farms.[10] In Norway DONG Energy has invested into hydro and wind power.[11]
During 2012 and 2013 DONG Energy will build a 400MW offshore wind farm off the Danish island of Anholt in the Kattegat at a cost of 10 billion Danish kroner (€1.35 bn). DONG was the only bidder in the process.[12][13][14]
Carbon intensity
| Year | Production (TWh) | Emission (Gt CO2) | kg CO2/MWh |
|---|---|---|---|
| 2002 | 16 | 6 | 375 |
| 2003 | 18 | 6.07 | 337 |
| 2004 | 18 | 4.95 | 280 |
| 2005 | 13 | 1.67 | 126 |
| 2006 | 18 | 4.73 | 264 |
| 2007 | 17 | 4.25 | 250 |
| 2008 | 22 | 2.92 | 131 |
| 2009 | 22 | 2.88 | 131 |
FTTH
DONG Energy provides FTTH to its customers in northern Zealand. It is offered to the customers as the airborn powergrid is grounded.
Markets
DONG Energy considers Denmark, Sweden, The Netherlands, United Kingdom and Germany as core markets of corporation.
Other
DONG Energy is headsponsor for the Danish men's national ice hockey team.
DONG Energy has signed a deal with Project Better Place regarding the mass introduction of electric cars in Denmark.[15]
DONG owns 51% of offshore wind turbine installer A2SEA,[16] while Siemens owns the other 49%.[17] DONG also has 30% of subsea cabling installer CT Offshore[18]
DONG has divested Norwegian power companies Salten and Nordkraft.[19]
See also
References
- ^ a b Annual Report
- ^ Fast Facts
- ^ omx feed list details[dead link]
- ^ Horns Rev I Offshore Wind Farm, Denmark Power Technology. Retrieved: 27 October 2010.
- ^ Horns Rev 1 (Denmark) offshore wind farm 4C . Retrieved: 30 July 2010.
- ^ Horns Revolution, Modern Power Systems, 2002-10-05, accessed 2010-04-14.
- ^ Horns Rev 2 (Denmark) offshore wind farm 4C . Retrieved: 30 July 2010.
- ^ Horns Rev 2 LORC . Accessed: 10 December 2011.
- ^ Gunfleet Sands offshore wind farm (United Kingdom) 4C . Retrieved: 27 October 2010.
- ^ "DONG Energy Invests in UK Offshore Wind Farms". Oil Voice. 2007-12-03. Retrieved 2007-12-16.
- ^ "DONG Energy Increases Stake in Norwegian Hydropower". Oil Voice. 2007-12-07. Retrieved 2007-12-16.
- ^ Bjartnes, Anders (June 22, 2010). "Dong gets green light for 400MW Anholt despite high prices". Recharge. Retrieved 2010-06-23.
- ^ Hanne, Windemuller. Anholt Offshore Wind Farm will be the largest in Denmark Danish Energy Agency, 2 July 2010. Accessed: 27 November 2010.
- ^ Anholt Offshore Wind Farm
- ^ Metro - Dansk elbilspark ska tankas med vindkraft
- ^ "Siemens catches wind with A2Sea move". Upstream Online. NHST Media Group. 2010-06-29. Retrieved 2010-11-16.
- ^ Antitrust authority approves Siemens as equity partner in A2SEA DONG Energy, 13 October 2010. Retrieved: 16 November 2010.
- ^ DONG becomes co-owner of CT (in Danish) Maritime Denmark, 12 November 2010. Retrieved: 16 November 2010.
- ^ Divestment of stakes in Nordkraft and Salten Kraftsamband has been approved DONG, 12 October 2010. Retrieved: 16 November 2010.