Gasum

Gasum Oy is a Finnish state-owned gas company located in Espoo, Finland. It is the natural gas importer and seller. Gasum also owns 13 biogas refineries in Finland and Sweden, and is the largest processor of biodegradable waste in the Nordic countries.[3]

Gasum Oy
TypeLimited company (Oy)
IndustryOil and gas
Founded1994 (1994)
Headquarters
Espoo
,
Finland
Area served
Finland
Key people
Johanna Lamminen (CEO)
Juha Rantanen (Chairman of the Board)
ProductsNatural gas (including LNG)
Biogas (including liquefied biogas gas)
Organic fertilizers
ServicesProcessing of biodegradable waste
Energy market services
Revenue€1,177 million (2018)[1]
€114.2 million (2017)
OwnerGasonia Oy (state-owned holding company, 73.5%)
Finnish Government (26.5%)
Number of employees
410 (2017)[2]
SubsidiariesGasum Ab
Websitewww.gasum.com

History

The first natural gas pipeline from the Soviet Union to Finland was opened in 1974.[4] From 1974 to 1994 Neste Oy was responsible for gas business in Finland, also the import of natural gas, the transmission services and the wholesale of natural gas. Gasum was established in 1994 as a joint venture between Neste (75%) and Gazprom (25%).[5] After merger of Neste and Imatran Voima in 1998, the newly created company Fortum had to reduce its stake in the company to 25%. The Government of Finland (24%), E.ON (20%) and Finnish forest companies (6%) became new shareholders. In 2004, Fortum acquired the 6% stake from the forest companies.[6] In 2015, Fortum and E.ON sold their stake to the Finnish government.[7] In 2016, also Gazprom sold its stake to the Finnish government which became the sole shareholder of the company.[8]

In 2014, Gasum acquired 51% of Skangas from Lyse Energi and increased its ownership to 100% in 2018.[9] Skangas started their LNG business in 2011.

Gasum expanded into the Swedish market in 2016 by acquiring Swedish Biogas International. After the deal Gasum became the largest biogas producer in the Nordic countries.[10][11]

Gasum planned to build a subsea gas pipeline Balticconnector to connect Finland with the Estonian gas system and further with a gas storage in Latvia.[12][13] In October 2015, Gasum abandoned the project due to commercial viability.[14] It was replaced in the project by the Finnish state-owned company Baltic Connector Oy.[15]

Before 2020, Gasum owned 1,190 km (740 mi) of gas transmission network in Finland. According to the natural gas market act of Finland, gas transmission operations were unbundled to another state-owned company Gasgrid Finland Oy, as of 1 January 2020.[16] Also starting from 1 January 2020, Gasum's subsidiary Kaasupörssi Oy which operated Finland's gas exchange, was closed and all trading moved to the regional GET Baltic exchange.[17]

Operations

LNG distribution

Gasum's has built Finland's first liquefied natural gas (LNG) terminal at the oil and chemical harbor of the port of Tahkoluoto in Pori.

Filling stations

Gasum, or Gasum partners owns over 70 filling stations in Finland (29), Sweden (27) and Norway (27), from which compressed natural gas (CNG) can be fueled. 24 filling stations in Finland (7), Sweden (16) and Norway (1) provide liquified natural gas (LNG) for heavy transport.

Biogas production

In 2011, Gasum started biogas production by using anaerobic digestion.[18]

Corporate affairs

Gasum is involved in several international organizations, such as Eurogas, European Network of Transmission System Operators for Gas (ENTSOG), Gas Infrastructure Europe (GIE), International Gas Union (IGU), European Gas Research Group (GERG) and the European Pipeline Research Group (EPRG).

  • Gasum constructing natural gas pipeline during winter near Kouvola
  • Welding of the natural gas pipe
  • Sign indicating the route of the pipeline
  • Gasum's LNG truck
  • Gas filling station in Helsinki

See also

References
  1. "Gasum's Financial Review 2017" (PDF). Gasum. 5 December 2018.
  2. "Gasum Q4 tilinpäätöstiedote 2018" (PDF). Gasum. 21 November 2019.
  3. "Gasum becomes the biggest in the Nordics". Good news to Finland. August 2019.
  4. Käyhkö, Tuija (15 January 2004). "Kekkonen runnoi maakaasun Suomeen" [Kekkonen supplies natural gas to Finland]. Tekniikka & Talous (in Finnish). Retrieved 28 August 2019.
  5. "Gasum Annual Report, page 52" (PDF). Archived from the original (PDF) on 1 September 2011. Retrieved 12 September 2011.
  6. "Mergers: Commission decides to allow Fortum to increase its shareholding in Gasum in the Finnish energy sector" (Press release). European Commission. 1 December 2004. Retrieved 6 July 2015.
  7. Rosendahl, Jussi (19 March 2015). "Finland buys Gasum stakes from Fortum and E.ON". Reuters. Retrieved 6 July 2015.
  8. "Finland buys out Russian share in gas firm Gasum". Yle Uutiset. 18 December 2015. Retrieved 21 December 2018.
  9. "Gasum secures full ownership of Skangas". LNG World News. 10 October 2018. Retrieved 22 October 2018.
  10. "Gasum becomes the biggest in the Nordics". Good News from Finland. 23 December 2016. Retrieved 21 December 2018.
  11. Fonseca, Joseph R. (24 December 2016). "Gasum now Biggest Biogas Producer in Nordic countries". World Energy News. Retrieved 21 December 2018.
  12. Torma, Sami (31 May 2007). "Gasum proposes gas pipeline". Reuters. Retrieved 26 March 2012.
  13. "Finns plan new subsea gas link". Upstream Online. NHST Media Group. 31 May 2007. (subscription required). Retrieved 13 October 2007.
  14. "Gasum Dumps Balticconnector Plan". Subsea World News. 6 October 2015. Retrieved 24 November 2015.
  15. "Elering with its Finnish partner submits grant application to EU Commission". The Baltic Course. 15 October 2015. Retrieved 24 November 2015.
  16. "Finland's Gasum will divest gas transmission ops by 2020, expand in LNG and biogas – Mr Haikarainen". SteelGuru. 26 December 2017. Retrieved 28 August 2019.
  17. "Finnish gas exchange to shut, trading moves to Baltic bourse from 2020". S&P Global Platts. 30 August 2019. Retrieved 2 January 2020.
  18. Gasum biogas from the forests-proschure 2011
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