Dansk Olie og Naturgas
 |
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| State | |
| Traded as | Nasdaq Copenhagen: ORSTED |
| Industry | Electricity generation |
| Predecessor | Dansk Naturgas A/S Elsam Energi E2 NESA Københavns Energi Frederiksberg Forsyning |
| Founded | 2006 |
| Headquarters | Fredericia, Denmark |
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Key people
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Henrik Poulsen (CEO) Thomas Thune Andersen (Chairman) |
| Products | Electricity |
| Services | Gas distribution, Oil and Gas exploration and drilling |
| Revenue | 71 billion DKK (2015) |
 18.5 billion DKK (2015) |
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 -12.1 billion DKK (2015) |
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Number of employees
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6,700 (2015) |
| Website | dongenergy |
 Map of DONG activities
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DONG Energy (formerly Dansk Naturgas and Dansk Olie og Naturgas, abbreviated DONG) is a power company based in Fredericia, Denmark. It is the largest energy company in Denmark. The company has announced a plan to change its name to Ørsted.
The Danish state-owned company Dansk Naturgas A/S was founded in 1972 to manage gas and oil resources in the Danish sector of the North Sea. After some years, the company was renamed to Dansk Olie og Naturgas A/S (DONG), meaning Danish Oil and Natural Gas. At the beginning of the decade of the 2000s, DONG started to expand 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 European Commission on 14 March 2006.
In 2002, one of predecessors of DONG Energy named Elsam installed the 160 MW Horns Rev offshore wind farm, which was the first large scale offshore wind farm in the world.
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).
In 2009, DONG sold its fiber broadband in northern Zealand to TDC A/S.
In 2007, DONG Energy entered into the Dutch market. In 2010, it started a cooperation with . However, in 2014 DONG Energy withdrew its consumer activities from the Dutch market. In 2010, DONG divested Norwegian power companies Salten and Nordkraft. In September 2013, DONG sold a power cable accessing the London Array wind farm to its partners, E.ON and Masdar for around $728 million.
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Wikipedia