Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict
Danish energy company Ørsted has decided to stop sourcing biomass and coal for its power stations from Russia in response to the Russian invasion of Ukraine.
Go deeper with GlobalData
The company said that it feels the situation is ‘deeply disturbing’ and therefore has decided not to contract any Russian companies for its renewable energy projects.
It has also made it clear that it will not sign any new contracts with Russia-based companies and ensure that no direct Ørsted suppliers for renewable asset development are Russian.
Regarding the gas from Russian state-owned gas company Gazprom that is supplied to Denmark, Ørsted recommends a ‘clear and coordinated’ effort from the European Union (EU) and UK.
See Also:
Ørsted CEO Mads Nipper said: “Shortfalls in gas supplies will, as opposed to stopping supply of other types of products, have severe human and societal consequences and therefore need to be coordinated at EU and national levels rather than decided by individual companies.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Therefore, the dependency on Russian gas and any ban on import of gas from Russia need to be decided and enforced by clear political sanctions.
“All potential EU or national sanctions impacting the gas supply will be fully supported and immediately executed.”
Ørsted’s decision comes after Swedish multinational power company Vattenfall decided to suspend deliveries of nuclear fuel from Russia for its nuclear power plants until further notice.
Vattenfall owns ten nuclear reactors, five of which are currently operational.
In a separate development, Ukraine has notified the International Atomic Energy Agency (IAEA) that missiles hit a radioactive waste disposal facility in Kiev.
No damage has reportedly been caused to the facility nor have there been reports of any release of radioactive material from the site, according to IAEA director-general Rafael Mariano Grossi.
