DONG Energy and Iberdrola have signed the detailed supply agreement - following
the signing of the commercial terms as announced earlier this year - for
Iberdrola to deliver LNG (Liquefied Natural Gas), corresponding to
approximately 1 billion m3 of natural gas per year to DONG Energy. It is a
ten-year delivery agreement, which includes an option for a five-year
extension, and the deliveries will begin from late 2011.
The LNG will be delivered to Gate terminal in the port of Rotterdam. DONG
Energy is co-owner of the terminal and has 3 billion m3 of the terminal import
capacity at its disposal per year. The terminal is currently under construction
and is expected to be in operation during the course of 2011.
This is the first LNG contract signed by DONG Energy and the first long term
contract for the supply of LNG into the Dutch market.
The content of this announcement does not alter the previously announced
expectations for DONG Energy's financial result for 2010 or the announced
expected level of investments.
For additional information, please contact:
+45 9955 9560
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 just under DKK 50 billion (EUR
6.6 billion) in revenue in 2009. For further information, see