The contract included an option to substantially increase annual quantities. This option has now been partly put into use, resulting in the new additional contract under which Gazprom, starting from 2012, will deliver an additional one billion cubic meters of gas per year for a period of 18 years through the Nord Stream pipeline. The contract is linked to the finalization of the second part of the Nord Stream pipeline.
“We are very pleased that we with this additional contract are strengthening our long term co-operation with Gazprom. The supplies from Gazprom are part of our gas sourcing strategy which builds on diversifying our sources of delivery in order to secure our energy supplies,” said Kurt Bligaard Pedersen, executive vice president in DONG Energy.
The agreement supplements current gas supplies from DONG Energy’s E&P production and long term contracts on deliveries from Northwest Europe, which will be further complemented in 2011 with gas from the Gate LNG-terminal in Rotterdam.
