DONG Energy today snapped up commercial energy supplier Shell Gas Direct for £30 million from Anglo-Dutch oil firm Shell.
The London-based business supplies 11% of the UK’s commercial gas market, with more than 5,000 industrial customers.
First announced last year, the finalised deal brings a name change to the business, which will now be called DONG Energy Sales UK.
Change is on the way, as the Danish energy firm plans to set up a new dual fuel tariff soon, selling power as well as gas within the next 12 months.
Lars Clausen, Executive Vice President at DONG Energy (pictured) said: “The formation of DONG Energy Sales UK complements our existing gas and power assets with a well-run and high-performing retail business.
“Building on our long term investments in upstream oil and gas exploration and production, the new company is a strong growth platform for us to become a major integrated energy company in the UK.”