Gazprom Export (a Gazprom Group company) and DONG Energy today signed a
contract for delivery of gas to DONG Energy via the Nord Stream pipeline in the
Baltic Sea. The gas volumes will be delivered at the Danish/German border.
In June 2006, Gazprom and DONG Energy signed a contract stipulating Gazprom's
delivery of one billion cubic meters of gas per year, starting from 2011, for a
period of 20 years. The contract included an option to substantially increase
annual quantities. This option has now been partly put into use, resulting in
the new additional contract under which Gazprom, starting from 2012, will
deliver an additional one billion cubic meters of gas per year for a period of
18 years through the Nord Stream pipeline. The contract is linked to the
finalisation of the second part of the Nord Stream pipeline.
"We are very pleased that we with this additional contract are strengthening
our long term co-operation with Gazprom. The supplies from Gazprom are part of
our gas sourcing strategy which builds on diversifying our sources of delivery
in order to secure our energy supplies," said Mr. Kurt Bligaard Pedersen,
Executive Vice President in DONG Energy.
The agreement supplements current gas supplies from DONG Energy's E&P
production and long term contracts on deliveries from Northwest Europe, which
will be further complemented in 2011 with gas from the Gate LNG-terminal in
Rotterdam. With such a diversified portfolio, DONG Energy is in a strong
position to secure the supply to the Danish and Swedish markets in the future.
The content of this announcement does not alter the previously announced
expectations for DONG Energy's financial result for 2009 or the announced
expected level of investments.
For further information, contact:
Media Relations
Ulrik Frøhlke
+45 9955 9560
Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750
DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products in Northern Europe. We
have approximately 6,000 employees and generated more than DKK 60 billion (EUR
8.2 billion) in revenue in 2008. For further information, see
www.dongenergy.com.