EnergyWatch

Denmark's North Sea earnings halved in 2015

Calculations from the Danish Energy Agency confirm that Denmark lost approximately half of its oil earnings in 2015. The low oil price is the main reason behind the fall.

Owning shares in the Danish North Sea shelf transpired to be bad business for the Danish government in 2015.

The low oil prices over the year meant that earnings from the sale of oil were halved to DKK 9.3 billion (EUR 1.25 billion) relative to the year prior. In 2014, the Danish state was able to cash in DKK 18.8 billion.

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