Q3 2021 results: extraordinary commodity price environment driving strong financial performance

“Q3 2021 was an exceptional quarter underpinned by a constructive commodity price environment, and in particular by European gas prices which are expected to stay high throughout the winter. Our financial performance continues to benefit from the external environment, but also from our continuing robust operations.

Quarterly production was impacted by a fire at a third-party gas and condensate treatment plant in Russia. With operations now fully back online, we expect a strong end to a successful 2021.

During the quarter, we continued to drive forward our energy transition pathway initiatives. We are making significant progress with several promising CCS and hydrogen projects, including advancing our Greensand CCS project in Denmark. There, together with our partners, we are moving into the injection pilot phase and expect to be injecting first volumes in late 2022.”

Wintershall Dea’s Q3 2021 Investor Release can be found here.