Ørsted updates investors on the company’s exposure to gas contract with Gazprom Export
Ørsted condemns the Russian invasion of Ukraine and has already taken several steps to stop its cooperation with Russian companies.
Ørsted has ceased all sourcing of biomass and coal from Russia for its power stations, Ørsted will not enter into new contracts with Russian companies, and Ørsted has made sure that none of Ørsted’s direct suppliers for the build-out of renewable energy are Russian.
Concerning Ørsted’s gas purchase contract with Gazprom Export:
Ørsted supports any political initiative to become independent of Russian gas as well as any political import sanctions that may be imposed. Any such initiatives will be immediately and strictly implemented.
The information provided in this announcement does not change Ørsted’s financial outlook for the 2022 financial year or the expected investment level announced for 2022.
For further information, please contact:
Carsten Birkeland Kjær
+ 45 99 55 77 65
Allan Bødskov Andersen
+ 45 99 55 79 96
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Moreover, Ørsted provides energy products to its customers. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi). Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,836 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.