REG-Ørsted A/S Ørsted enters into agreement with Equinor on Norwegian gas for Denmark

Oersted A/SAnnouncement

27/10/2022 11:15

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   Ørsted A/S (Orsted)
   Ørsted enters into agreement with Equinor on Norwegian gas for Denmark

   27-Oct-2022 / 12:03 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   27.10.2022 12:02:48 CEST | Ørsted A/S | Investor News

   Ørsted and Equinor have just signed an agreement under which Equinor will
   supply Norwegian gas to Denmark via Baltic Pipe. The agreement covers the
   period from 1 January 2023 to 1 April 2024, and the total volumes of gas
   supplied during the period will be approx. 8 TWh, corresponding to roughly
   a quarter of the expected total Danish gas consumption.

   The completion of the Baltic Pipe gas pipeline has enabled Ørsted to buy
   gas from the Norwegian gas fields, as the gas pipeline connects the
   Norwegian gas pipe system to Denmark.

   Søren Thygesen Blad, Head of Gas Portfolio Management in Ørsted, says:
   "We're pleased to have entered into this agreement with Equinor, which
   ensures a stable supply of Norwegian gas to Denmark via Baltic Pipe during
   the period when the Tyra field isn’t supplying gas to Denmark. With this
   agreement, we’ll have more than enough gas to meet the gas demand of our
   customers for the coming and next winter, enabling us to stock up our
   Danish gas storage facilities over the summer."

   With this agreement and the production from the South Arne field and from
   biogas, Ørsted has more than covered the consumption of its own customers,
   which are business customers in Denmark and Sweden. The agreement
   strengthens the security of supply in Denmark while also replacing the gas
   volumes that Ørsted would otherwise need to buy on a volatile European gas
   market in the period when the Tyra field is not supplying gas to Denmark.

   For further information, please contact:

   Media Relations
   Carsten Birkeland Kjær
   +45 99 55 77 65
    1 cabkj@orsted.com

   Investor Relations
   Rasmus Keglberg Hærvig
   +45 99 55 90 95
    2 ir@orsted.com

   About Ørsted
   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), and Ørsted aims to deliver a net-positive
   biodiversity impact from all new renewable energy projects it commissions
   from 2030 at the latest. 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 7,292 people. Ørsted's shares are listed on Nasdaq
   Copenhagen (Orsted). In 2021, the company generated revenue of
   DKK 77.7 billion (EUR 10.4 billion).  Visit  3 orsted.com or follow us on
   Facebook, LinkedIn, Instagram, and Twitter.

       Attachments

     •  4 Ørsted enters into agreement with Equinor on Norwegian gas for
       Denmark.pdf

   News Source: Ritzau

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   ISIN:          DK0060094928
   Category Code: MSCM
   TIDM:          Orsted
   Sequence No.:  197282
   EQS News ID:   1473609


    
   End of Announcement EQS News Service

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References

   Visible links
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   2. mailto:ir@orsted.com
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