Europe has the world’s lowest level of energy self-sufficiency. 23 percent of oil consumption and 46 percent of gas consumption are produced within Europe’s borders. This means that Europe is dependent on oil and gas imports from other countries – first and foremost Russia, but also from, for example, the Middle East and the United States.
In the EU, less gas is produced than we use.
In 2019, in the EU, we produced only 17.4% of total consumption by 2040
below 12%. the rest of the gas comes primarily from Russia and Norway.
There is oil and gas in the Danish part of the North Sea, and Denmark has recovered both since 1972. Production is important for the Danish economy and creates jobs both on land and at sea. With an agreement of 3 December 2020 between the government and five other parties in the Folketing, it has been decided that danish production of oil and gas must cease by 2050.
Denmark has been a net exporter of oil and natural gas from 1997 to 2018. Denmark is now a net importer of oil and forecasts show that Denmark can continue as a net exporter of gas until the mid-2030s.
End-of-life oil fields are very suitable for storing CO2. For millions of years, the fields have stored on oil and gas, therefore they can also store CO2 without any risk.
The industry has an in-depth knowledge of the Danish subsoil in the North Sea and a valuable infrastructure which gives Denmark a clear competitive advantage.
Denmark is quite well located in northern Europe. Denmark is actually an energy butterhole, fortunately surrounded by stable neighbouring countries with forms of energy production that complement our own quite excellently.
We receive, for example, energy from Norwegian gas deposits and hydroelectric power stations, the Swedes’ water and nuclear power plants and the German coal power plants.
The way our homes are changing these years also affects Denmark’s supply relationship with, for example, fossil fuels from Russia. Simply because the supply systems in Denmark themselves are less driven by fossil fuels. These changes reduce the geopolitical importance of fossil energy sources. Oil furnaces, for example, are being scrapped in favour of more climate-friendly alternatives. If you move into a new house, it’s probably missing radiators. They are replaced by underfloor heating and eletric heat pumps. If you study your electricity or heating bill, if it is specified enough, you will notice that wind, solar and biomass take a growing share of gas and especially oil.
Energinet is the Danish national transmission system operator for electricity and natural gas. It is an independent public enterprise owned by the Danish state under the Ministry of Climate and Energy. Energinet has some 1150 employees, and its headquarters are located in Erritsø near Fredericia in Jutland. The gas division is located in Ballerup near Copenhagen.
The main tasks are to ensure efficient operation and development of the national electricity and gas infrastructure as well as ensuring equal access for all users of the infrastructure.
Energinet operates the 400 kV electricity transmission grid and the gas transmission grid. The company owns and operates also 132 kV and 150 kV power grids (“Regionale Net”) and the HVDC Great Belt Power Link, and it is a co-owner of the power interconnections with Sweden (Konti–Skan), Norway (Cross-Skagerrak) and Germany (Kontek). A 700MW submarine power cable called COBRAcable to the Netherlands is planned with TenneT, and a 1,400MW cable (Viking Link in 2022) to Britain is investigated with National Grid, expected to cost DKK 15 billion. Cobra and Viking were put on the EU “Projects of Common Interest” list in November 2015, along with the Krieger offshore wind turbine cable to Germany. Of the high voltage power lines on land, 25% were laid as underground cables in 2014.
Energinet has a 20% stake in Nord Pool Spot AS (the largest electricity market in the world), and, as of December 2012, 100% of the physical gas exchange Nord Pool Gas A/S. It also owns a fiber-optic communication network and a gas storage facility, as well as a 20% stake in European Market Coupling Company, a Central-West European cross-border electrical power trading joint venture due to begin operations on 9 November 2010.
An electrical consumption support scheme dedicated to sustainable electricity producers in Denmark is administered by Energinet.