Danish player Dong Energy is reviewing strategic options regarding the future of its oil & gas business but said it has no divestment plans yet for the segment.
Dong confirmed on Wednesday it intends to focus its portfolio on clean energy such as offshore wind, bioenergy and green distribution and customer solutions.
The state-controlled company, which set its initial public offering in June at Dkr98 billion ($15 billion), said that it would manage its oil and gas business for cash, and that “future cash flows from the oil and gas business would be used to fund Dong’s investments in renewable energy”.
“As
