Gasum

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Gasum

logo
legal form Corporation
founding 1994
Seat Espoo
management Johanna Lamminen (CEO)
Number of employees 410 (2018)
sales € 1,177 million (2018)
Branch Gas network operator
Website www.gasum.com

Gasum Oy is an integrated gas group based in Espoo (Finland). The group is a transmission system operator for natural gas in Finland and its activities include both the import and the distribution of natural gas. Gasum also produces biogas in Finland and Sweden, importing, transmitting and supplying it for consumer, industrial and transportation needs. With 12 dedicated biogas refineries in Finland and Sweden , Gasum is the largest recycler of biodegradable waste in the Nordic countries .

history

In 1974 the first natural gas pipeline from the Soviet Union to Finland was opened. From 1974 to 1994 Neste Oy was responsible for the Finnish gas business, including natural gas import, distribution and wholesale . Gasum was founded in 1994 as a joint venture between Neste (75%) and the Russian company Gazprom (25%). After the merger of Neste and Imatran Voima in 1998, the resulting company Fortum was forced to reduce its stake in Gasum to 25%. The Finnish state (24%), E.ON (20%) and a conglomerate of Finnish forest companies (6%) were added as new shareholders. In 2004 Fortum bought the forest companies' share (6%). Both Fortum and E.ON sold their shares to the Finnish state in 2015. After Gazprom also sold its shares to the Finnish state in 2016, the latter became the sole owner of the company.

In 2014 Gasum acquired 51% of the LNG distribution of Skangas from the Norwegian Lyse Group and in 2018 the remaining shares, making Skangas a 100% subsidiary of Gasum. The acquisition of Skangas, which has been trading in liquefied natural gas (LNG) since 2011, was part of Gasum's overall strategy to increase LNG availability in Finland.

Gasum also entered the Swedish market in 2016 with the acquisition of Swedish Biogas International. This takeover made Gasum the largest biogas producer in the Nordic region.

Gasum also participated in the planning of the Balticconnector underwater pipeline between Finland and Estonia and from there to a gas storage facility in Latvia, but withdrew from the venture in October 2015 due to a lack of commercial potential. However, the project continues with the participation of another Finnish company, the also state-owned Baltic Connector Oy.

Business activity

Gasum operates a gas transmission network in Finland with a total length of 1190 km. That network is the single largest asset of Gasum and a large part of the Group's jobs is related to its maintenance. Due to a new Finnish law on the natural gas market, Gas will transfer the gas transfer to another state-owned company called Gasgrid Finland by 2020 at the latest.

LNG distribution

Gasum Ltd is currently building Finland's first LNG terminal in the Tahkoluoto oil and chemical port in Pori . With the acquisition of the company Nauticor (until 2016 Bomin Linde LNG ) in 2019/2020, Gasum became a supplier of liquid natural gas (LNG) as a fuel for shipping .

Gas stations

More than 33 Finnish filling stations (as of 2019) offer compressed natural gas (CNG). Some of these can also be used to refuel heavy-duty vehicles with LNG.

Biogas production

In 2011 Gasum began producing biogas using anaerobic digestion .

Ownership, management and memberships

Gasum is wholly owned by the Finnish state. 73.5% of the shares are held by the state gas company Gasonia Oy and 26.5% directly by the state.

The number of employees is around 410. The company's headquarters are located in Espoo, Finland.

Johanna Lamminen has been Managing Director of Gasum since May 2014 . The Group's CEO is Juha Rantanen.

Gasum is a member of various international organizations, including Eurogas , the Association of European Gas Transmission System Operators (ENTSOG), Gas Infrastructure Europe (GIE), International Gas Association (IGU), European Gas Research Group (GERG) and the European Gas Pipeline Research Group (EPRG).

Individual evidence

  1. ↑ a b Gasum's year 2018 . Gasum. 2019-30-10.
  2. ↑ Gasum: Balticconnector: Executive Summary (PDF; 983 kB) . 2011. Document no. 2004G122 / 04TREN / 05 / TENE - S07.51598.
  3. ↑ Tuija Käyhkö: Kekkonen runnoi maakaasun Suomeen. Retrieved October 30, 2019 (Finnish).
  4. ↑ Gasum: Gasum annual report 2015. Accessed in 2019 .
  5. ↑ European Commission - PRESS RELEASES - Press release - Mergers: Commission decides to allow Fortum to increase its shareholding in Gasum in the Finnish energy sector. Retrieved October 30, 2019 .
  6. ↑ Finland buys stakes Gasum from Fortum and E.ON . In: Reuters . November 3, 2014 ( reuters.com [accessed October 30, 2019]).
  7. ↑ Finland buys out Russian share in gas firm Gasum. Retrieved October 30, 2019 .
  8. ^ Gasum secures full ownership of Skangas. Retrieved October 30, 2019 (American English).
  9. ^ Gasum becomes the biggest in the Nordics. In: Good News from Finland. December 23, 2016. Retrieved October 30, 2019 (American English).
  10. ↑ Gasum now Biggest Biogas Producer in Nordic countries. December 24, 2016, accessed October 30, 2019 .
  11. ↑ CORRECTION- (OFFICIAL) -UPDATE 2-Gasum proposes gas pipeline . In: Reuters . May 31, 2007 ( reuters.com [accessed October 30, 2019]).
  12. ↑ Gasum Dumps Balticconnector Plan. Retrieved October 30, 2019 (American English).
  13. ↑ The Baltic Course-Балтийский курс: Elering with its Finnish partner submits grant application to EU Commission. Retrieved October 30, 2019 .
  14. ↑ admin@steelguru.com: Finland's Gasum will divest gas transmission ops by 2020, expand in LNG and biogas - Mr Haikarainen. Retrieved October 30, 2019 .
  15. ↑ Welcome to Gasum.com. Retrieved October 30, 2019 (Swedish).
  16. ↑ hansa-online.de of November 14, 2019