Fortum has doubled its share of the Swedish gas company, Vattenfall Naturgas. The deal is part of a company restructuring as Vattenfall (Sweden) has sold its 51 % share in the company to the four other present shareholders. The new ownership structure will be Ruhrgas 30 % (Germany), Statoil 30 % (Norway), DONG 20 % (Denmark) and Fortum 20 % (Finland).
”Fortum sees an expansion on the Swedish gas market as a promising potential for future businesses. Sweden is one of the few markets in Europe with only a marginal share of total primary energy supplied from natural gas. There is a large market potential in the energy intensive parts of Swedish industry as well as in heat and power generation,” says Mr. Bo Lindfors, President of Fortum´s gas business.
The name of the company will be changed after the deal is finalised.
Vattenfall Naturgas is the leading gas company in Sweden selling about 1 billion m3 of gas (10 TWh) per year. The gas is imported from Denmark and sold to local distribution companies and industry. The company has an annual turn over of about 100 million €.
Fortum also has an 80 % interest in Svensk Naturgas AB which was set up together with Birka Energi AB to evaluate the natural gas market in Mid-Sweden.
For further information, please contact:
Harry Anton, Vice President, Natural Gas, Fortum, tel. +358 50 45 24674
Bo Lindfors, President, Natural Gas, Fortum, tel. +358 50 45 24535