Dong Energy has retained JP Morgan to carry out a preliminary market assessment as part of ongoing discussions about the strategic future of its oil and gas business.
The company confirmed reports in the Danish press that moves are afoot in connection with the hydrocarbons business but said it “has not taken a decision to sell the oil and gas section”.
Dong has previously indicated that it will operate the business with cash flow to be used to support its investments in renewable energy. It said the oil and gas segment is not considered “a long-term strategic commitment” for the company.
Dong reiterated early statements that its future focus is on offshore wind, bio-energy and “green distribution and customer solutions”.
Image: Dong
