Norske Skog Skogn and Statkraft have entered into a new long-term industrial
energy agreement, which together with previous contracts, will secure large
parts of the mill's energy supply on competitive terms until 2030.
- This agreement will give the Skogn mill stable energy supply at predictable
and acceptable prices. The agreement contributes to secure jobs and the
long-term competitiveness of Skogn. At the same time, this is important for the
forest sector in Central Norway, says Sven Ombudstvedt, CEO of Norske Skog and
chairman of Norske Skog Skogn AS.
Previously, Norske Skog Skogn had an energy contract with Statkraft
corresponding to annual deliveries of around 0.9 TWh, which expires at the end
of 2026. With the new energy contract, Norske Skog Skogn will secure almost the
entire energy demand up to 31 December 2028, as well as parts of the demand
until 2030. The new agreement with Statkraft will ensure the delivery of a total
of 2.9 TWh over the contract period, and will enter into effect on 1 January
2024. To reduce currency exposure, the agreement has been entered into in euros.
With this, the Norske Skog group is well covered with energy agreements in
- We are pleased to conclude another contract with the industry, which confirms
that Statkraft offers competitive terms and is still a preferred supplier of
energy to Norwegian industry, says Hallvard Granheim, Executive Vice President
for Markets at Statkraft.
About Norske Skog
Norske Skog is a world leading producer of publication paper with strong market
positions and customer relations in Europe and Australasia. The Norske Skog
Group operates four mills in Europe, two of which will produce recycled
containerboard following ongoing conversion projects. In addition, the Group
operates one paper mill in Australia. Norske Skog aims to further diversify its
operations and continue its transformation into a growing and high-margin
business through a range of promising energy and bio product development
projects. The Group has approximately 2 100 employees, is headquartered in
Norway and listed on the Oslo Stock Exchange under the ticker NSKOG.
About Norske Skog Skogn
Norske Skog Skogn has 360 employees and a turnover of around NOK 3.0 billion as
well as a production capacity of 510,000 tonnes of newsprint with main markets
Statkraft is a leading international company in hydro energy, and Europe's
largest supplier of renewable energy. The Group produces hydro, wind, solar and
gas energy, and supplies district heating. Statkraft is a global market player
in energy trading and has 4,800 employees in 20 countries.
9. November 2022
Communications and Public Affairs
For further information:
Norske Skog media:
Vice President Communication and Public Affairs
Mob: +47 917 63 117
Norske Skog financial markets:
Investor Relation Manager
Mob: +47 906 12 919
Lars Magnus Günther
Mob: +47 912 41 636