EnergyWatch

Three years after deal: Ørsted's sale of oil pipelines still not completed

Energinet.dk's acquisition of Ørsted's oil and gas pipelines in the North Sea has yet to be settled. The parties will probably look at it in the second half of the year, says CFO.

Photo: Magnus Holm, Polfoto

In 2015, Danish energy major Ørsted announced that the company's oil and gas pipelines in the North Sea, as well as the oil terminal in Fredericia, Denmark, would be sold to energy company Energinet.dk. However, the sale has dragged on and has not yet been completed, according to business daily Berlingske Business.

Originally, the idea was that Energinet.dk should take over the oil pipelines and the terminal as quickly as possible, in order to make sure that the important infrastructure had left Ørsted, formerly Dong, before the company was listed on the stock exchange. It is still unknown when there will be clarification on the matter.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs