nasdaq copenhagen denerg industry oil and gas electricity generation predecessor dansk naturgas a s elsam energi e2 nesa k benhavns energi frederiksberg forsyning founded 2006 2006 headquarters fredericia denmark key people henrik poulsen ceo 1 fritz schur chairman products natural gas oil electricity services gas distribution oil and gas exploration and drilling revenue 54.598 billion dkk 2010 2 operating income 18.5 billion dkk 2015 2 net income 12.1 billion dkk loss 2015 2 number of employees 6 700 2015 3 website www.dongenergy.com dong energy former names dansk naturgas and dansk olie og naturgas abbreviated as dong is an integrated energy company based in fredericia denmark . it is denmark s largest energy company . contents 1 history 2 shareholders 3 activities 3.1 oil and gas exploration and production 3.2 power production 3.2.1 carbon intensity 3.3 ftth 4 markets 4.1 netherlands 5 other 6 see also 7 references 8 external links history edit 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 2000s decade 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 k benhavns energi and frederiksberg forsyning . the result of the merger was the creation of dong energy . the merger was approved by the eu commission on 14 march 2006 . dong sold a power cable accessing the world s largest wind farm to its partners e.on and masdar for around 728 million in september 2013 . 4 as part of a restructuring plan announced in 2013 to cut costs reduce debt and bolster investments in wind farms and oil and gas exploration dong sold an 18 % stake to the us investment bank goldman sachs . the sale was unpopular in denmark s governing coalition and caused protest resignations of six cabinet ministers and the withdrawal of one party socialist people s party from the government . 5 in 2015 dong had a deficit of 12 billion dkk the largest of any danish company ever . it was due to development problems of the hejre heron field . for all of 2016 dong has fixed its oil income at 80 bbl despite market prices of 35 bbl in january 2016 . oil & gas supplies about half of dongs income while offshore wind turbines supplies near the other half . 6 shareholders edit the majority 76 % of dong energy is owned by the danish government . the rest of the shares are owned by seas nve 11 % syd energi 7 % and 6 % owned by smaller shareholders . according to a political agreement the danish government shall maintain a majority in the company until 2025 . reduction of the ownership below 50 % requires political agreement of danish parties . an ipo and listing at the copenhagen stock exchange was expected in the spring of 2008 but was suspended due to the situation of the international financial markets . 7 in january 2014 the sale of 18 % share to new energy investment s.a.r.l. a subsidiary of goldman sachs while danish pension funds atp and pfa pension will acquire 4.9 % and 1.8 % accordingly . the deal was heavily criticised and caused a split of the ruling coalition of helle thorning schmidt . 8 on 9 june 2016 some of these shares were sold in an ipo at copenhagen stock exchange . 9 activities edit oil and gas exploration and production edit dong energy s primary focus is deep drilling . dong energy s core areas of oil and gas exploration and production lay in southern part of the norwegian north sea and the danish part of the north sea barents sea west of shetland and in the mid norway gas production . the reserve base is expected to be 446 million boe . 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 . dong energy owns gas pipelines from the danish part of the north sea to nybro and the swedish gas transmission network nova naturgas . dong energy co owns the tyra west f3 pipeline pipelines which create a link from the north sea danish section to the netherlands natural gas hub in den helder the deudan pipeline from jutland to north of hamburg in germany and the langeled pipeline from nyhamna terminal in norway to easington in the uk . dong energy owns a share of the norwegian gas pipeline system . it is also party to the baltic gas interconnector . power production edit dong energy is the largest power producer in denmark with market shares of 49 % for electricity production and 35 % for heat production . it also owns power production facilities and projects in germany sweden the netherlands norway and the united kingdom . dong built and operated the first large scale offshore wind farm in the world the 160 mw horns rev until 2005 10 11 12 and operates the 209 mw horns rev 2 . 13 14 in the united kingdom dong energy operates barrow and burbo bank offshore windfarms and will construct walney island and gunfleet sands i and ii 15 wind farms . 16 in norway dong energy has invested into hydro and wind power . 17 during 2013 dong energy finished the construction of the 400 mw anholt offshore wind farm off the danish island of anholt in the kattegat at a cost of 10 billion danish kroner 1.35 bn . dong energy was the only bidder in the process . 18 19 20 as of 2012 dong energy had a wind turbine capacity of 794 mw and planned to add another 594 mw in 2013 . 21 in 2014 dong divested its last onshore wind turbines focusing on offshore wind power 22 of which dong had 3 000 mw in 2015 ; 23 a market share of 16 % . 24 dong energy committed to building the 1 200 mw hornsea wind farm in january 2016 . the expected completion date for the project was 2020 . 25 26 carbon intensity edit year production twh emission gt co2 kg co2 mwh 2002 16 6 375 2003 18 6.07 337 2004 18 4.95 280 2005 13 1.67 126 2006 18 4.73 264 2007 17 4.25 250 2008 22 2.92 131 2009 22 2.88 131 see also list of european power companies by carbon intensity in 2016 dong was voted number 11 on the clean200 list . 27 28 ftth edit dong energy provides ftth to its customers in northern zealand . it is offered to the customers as the overhead power lines are buried . markets edit dong energy considers denmark sweden the netherlands united kingdom and germany as core markets of corporation . netherlands edit in a cooperation with dutch de nederlandse energie maatschappij dong energy wanted to strengthen its position in the netherlands 29 and in 2007 the company started with the acquisition of a small dutch energy supplier . 30 however in 2014 dong energy withdrew its consumer activities from the dutch market . 31 32 other edit dong energy is headsponsor for the danish men s national ice hockey team dong energy has signed a deal with project better place regarding the mass introduction of electric cars in denmark . that deal is called into question however as the contractual partner went into bankruptcy in 2013 . 33 dong energy owns 51 % of offshore wind turbine installer a2sea 34 while siemens owns the other 49 % . 35 dong energy also has 30 % of subsea cabling installer ct offshore 36 dong energy has divested norwegian power companies salten and nordkraft . 37 see also edit list of petroleum companies nyg rdsfjellet wind farm references edit wichmann sonny 18 april 2012 . henrik poulsen bliver ny topchef i dong henrik poulsen will be the new ceo of dong . berlingske in danish . retrieved 18 april 2012 . a b c company announcement annual report 2015 pdf . dong energy a s. 4 february 2016 . about us . dong energy a s. copenhagen newsroom and karolin schaps 10 september 2013 . dong sells link to world s largest wind farm for 728 million . reuters . levring peter ; wienberg christian 6 february 2014 . in denmark goldman sachs deal ignites political crisis . bloomberg businessweek . retrieved 12 february 2014 . nielsen michael korsgaard 4 february 2016 . dong leverer det st rste underskud i danmarkshistorien dong falls the largest deficit in the history of denmark . berlingske in danish . retrieved 1 october 2016 . ipo and listing on the omx nordic exchange copenhagen press release . dong energy . 8 january 2008 . retrieved 31 january 2014 . levring peter ; wienberg christian 30 january 2014 . goldman deal on danish energy splits copenhagen coalition . bloomberg . retrieved 31 january 2014 . nasdaq copenhagen welcomes dong energy to list on its main market globenewswire . horns rev i offshore wind farm denmark power technology . retrieved 27 october 2010 . horns rev 1 denmark offshore wind farm 4c . retrieved 30 july 2010 . horns revolution archived 14 july 2011 at the wayback machine . modern power systems 5 october 2002 accessed 14 april 2010 . horns rev 2 denmark offshore wind farm 4c . retrieved 30 july 2010 . horns rev 2 lorc . accessed 10 december 2011 . gunfleet sands offshore wind farm united kingdom 4c . retrieved 27 october 2010 . dong energy invests in uk offshore wind farms . oil voice . 3 december 2007 . retrieved 16 december 2007 . dong energy increases stake in norwegian hydropower . oil voice . 7 december 2007 . retrieved 16 december 2007 . bjartnes anders 22 june 2010 . dong gets green light for 400mw anholt despite high prices . recharge . retrieved 23 june 2010 . hanne windemuller . anholt offshore wind farm will be the largest in denmark danish energy agency 2 july 2010 . accessed 27 november 2010 . anholt offshore wind farm wittrup sanne 1 november 2012 . dong energy ger vindkraften med 75 procent i 2013 . ingeni ren . retrieved 1 november 2012 . fribo adam . dong s lger de sidste landm ller ingeni ren 23 december 2014 . accessed 24 december 2014 . dong runder 3000 mw havm llekapacitet archived 22 may 2015 at the wayback machine . offshore wind europe far ahead siemens largest by far . 19 august 2016 . retrieved 6 october 2016 . dong commits to hornsea build renews.biz 3 february 2016 world s largest offshore wind farm to be built in the uk press release department of energy and climate change 3 february 2016 toyota tesla and vestas ranked among world s top green companies . the guardian . uk . 15 august 2016 . retrieved 5 september 2016 . http static1.squarespace.com static 579bd6e8414fb5125750d050 t 57b1ea14d482e94594339e47 1471277588692 clean200 q3 16 ays % 2bck 20160815.pdf dong energy strengthens its position in the netherlands . nederland is voor ons geen speeltuintje . 23 june 2007 . eneco neemt klanten en medewerkers over van dong energy sales b.v. . 21 january 2014 . dong energy siger farvel til skidt investering . 21 january 2014 . metro dansk elbilspark ska tankas med vindkraft siemens catches wind with a2sea move . upstream online . nhst media group . 29 june 2010 . retrieved 16 november 2010 . antitrust authority approves siemens as equity partner in a2sea dong