Ørsted’s Multi-Year Natural Gas Sale And Purchase Agreement With PGNiG

Hengeler Mueller advised Ørsted Salg & Service A/S.

Ørsted Salg & Service A/S (Ørsted) has entered into a multi-year agreement on the sale of natural gas to the Polish PGNiG Group. From 2023 to 1 October 2028, Ørsted expects to deliver approx. 70 TWh natural gas from the Danish part of the North Sea to PGNiG (which may vary based on mechanisms in the contract).

For PGNiG, the agreement is an important part of its strategic goal to diversify the Polish gas procurement portfolio.

Under this agreement, Ørsted will resell some of the natural gas that it receives from the Danish part of the North Sea to PST, e.g., from the Tyra field, which is Denmark’s largest gas reservoir. Currently, the Tyra platform is under redevelopment to extend its operational life by at least 25 years. For this reason, production from Tyra was halted in 2019 and is expected to resume in 2022.

Oersted Salg & Service A/S operates as a producer of renewable energy. The Company utilizes wind power, bioenergy, thermal power, oil, and gas resources to generate energy. Oersted Salg & Service serves customers in Europe.

Polskie Górnictwo Naftowe i Gazownictwo S.A is a Polish state-controlled oil and gas company, headquartered in Warsaw, Poland.

Hengeler Mueller team included Andreas Breier and Nicolas Böhm (Picture).

Involved fees earner: Nicolas Böhm – Hengeler Mueller; Andreas Breier – Hengeler Mueller;

Law Firms: Hengeler Mueller;

Clients: Ørsted A/S;