Gasum Oy is a

Finnish Finnish may refer to: * Something or someone from, or related to Finland * Culture of Finland * Finnish people or Finns, the primary ethnic group in Finland * Finnish language, the national language of the Finnish people * Finnish cuisine See also ...

state-owned energy company located in

Espoo Espoo (, ; sv, Esbo) is a city and municipality in the region of Uusimaa in the Republic of Finland. It is located on the northern shore of the Gulf of Finland, bordering the cities of Helsinki, Vantaa, Kirkkonummi, Vihti and Nurmijärvi ...

, Finland which imports and sells the nation's

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

. Gasum owns 17

biogas Biogas is a mixture of gases, primarily consisting of methane, carbon dioxide and hydrogen sulphide, produced from raw materials such as agricultural waste, manure, municipal waste, plant material, sewage, green waste and food waste. It is a ...

refineries in Finland and Sweden, and is the largest processor of biodegradable waste in the

Nordic countries The Nordic countries (also known as the Nordics or ''Norden''; literal translation, lit. 'the North') are a geographical and cultural region in Northern Europe and the Atlantic Ocean, North Atlantic. It includes the sovereign states of Denmar ...

. In addition, Gasum sells wind power and provides various energy market services. It is in the process of building a gas filling station network that will also serve heavy-duty vehicles.

History

The first natural gas pipeline from the

Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national ...

to Finland was opened in 1974. From 1974 to 1994,

Neste Oy Neste Oyj (international name: Neste Corporation; former names Neste Oil Corporation and Fortum Oil and Gas Oy) is an oil refining and marketing company located in Espoo, Finland. It produces, refines and markets oil products, provides eng ...

was responsible for the import, transmission services, and wholesale of natural gas in Finland. Gasum was established in 1994 as a joint venture between Neste (75%) and

Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the larges ...

(25%). After the merger of Neste and Imatran Voima in 1998, the newly created company

Fortum Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. In addition to Finland, it focuses on Germany and other countries in Central Europe, Great Britain, Russia and the Nordic region. Fortum operates power plants, inc ...

had to reduce its stake in Gasum to 25%. As a result, 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. In 2015, Fortum and E.ON sold their stake to the Finnish government. In 2016, Gazprom sold its stake to the Finnish government which became the sole shareholder of the company. In 2014, Gasum acquired 51% of Skangas from

Lyse Energi Lyse (Norwegian for ''(to) light'') is an industrial and multi-utility company based in Jæren and Ryfylke, Norway. The company has a yearly normal production of 9.5 TWh of hydroelectric power, develops and maintains the power grid in 14 municipa ...

and increased its ownership to 100% in 2018. Skangas started their LNG business in 2011. In 2018, Gasum built Finland's first

liquefied natural gas Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volu ...

(LNG) terminal at the oil and chemical harbor of the port of Tahkoluoto in

Pori ) , website www.pori.fi Pori (; sv, Björneborg ) is a city and municipality on the west coast of Finland. The city is located some from the Gulf of Bothnia, on the estuary of the Kokemäki River, west of Tampere, north of Turku and north-w ...

. 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. In April 2020, Gasum acquired Linde AG's LNG and biogas business in Sweden and Norway and Nauticor's marine bunkering business in Germany. The LNG terminals in

Nynäshamn Nynäshamn is a locality and the seat of Nynäshamn Municipality, Stockholm County, Sweden with 13,510 inhabitants in 2010. While interest in the area as a potentially useful port grew from the mid 19th Century, it was only with the opening of the ...

in Sweden and the bunkering vessels ''Seagas'' and ''Kairos'', were transferred to Gasum. Gasum planned to build a subsea gas pipeline

Balticconnector Balticconnector is a bi-directional natural gas pipeline between Ingå, Finland and Paldiski, Estonia. It connects Estonian and Finnish gas grids. The pipeline provides Finland with access to the Latvian natural gas storage facility at Inčukal ...

to connect Finland with the Estonian gas system and further with a gas storage in Latvia. In October 2015, Gasum abandoned the project due to commercial viability. It was replaced in the project by the Finnish state-owned company Baltic Connector Oy. Before 2020, Gasum owned 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. Starting from 1 January 2020, its subsidiary, Kaasupörssi Oy, which operated Finland's gas exchange, was closed and all trading moved to the regional GET Baltic exchange. In 2020, the company entered into partnership with Pavilion Energy, Singapore.

Operations

Natural gas

Gasum imports and sells natural gas, including

(LNG). In 2011, Gasum started biogas production by using

anaerobic digestion Anaerobic digestion is a sequence of processes by which microorganisms break down biodegradable material in the absence of oxygen. The process is used for industrial or domestic purposes to manage waste or to produce fuels. Much of the ferm ...

. Gasum owns biogas plants in Finland and in Sweden. The company produces fertilizer products and nutrients along with biogas. Gasum offers LNG and LBG bunkering service in terminals located in Norway (Risavika, Øra), Sweden (Lysekil and Nynäshamn) and Finland (Pori and Tornio). In addition to the Nordic countries, it provides bunkering services in the Antwerp, Rotterdam and Amsterdam region, in Germany, and in partnership with Pavilion Energy in Singapore.

Filling stations

Gasum has around 100 gas filling stations in the Nordic countries.

Energy market services

Gasum offers energy market expert services. It is also a member of the Nordic power exchange of

Nasdaq OMX Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, and ...

Corporate details

Management

Since 2013, the chief executive officer is Johanna Lamminen and the chair of the board is Elina Engman since 2020.

Affiliations

Gasum is involved in several international organizations, such as Eurogas,

European Network of Transmission System Operators for Gas The European Network of Transmission System Operators for Gas (ENTSOG) is an association of Europe's transmission system operators (TSOs). ENTSOG was created on 1 December 2009 by 31 TSOs from 21 European countries. Creation of the ENTS ...

(ENTSOG), Gas Infrastructure Europe (GIE),

International Gas Union The International Gas Union (IGU) is a global association promoting the gas industry. It was founded in 1931, registered in Vevey, Switzerland with the Secretariat currently located in Barcelona, Spain.

(IGU), European Gas Research Group (GERG) and the European Pipeline Research Group (EPRG).

Gallery

File:Liquid natural gas, land transportation, Finland.jpg, Gasum can deliver LNG and LBG by truck to maritime vessels, industry or gas filling station. File:Gas refueling station Ruskeasuo.JPG, Gas filling station in Ruskeasuo,

Helsinki Helsinki ( or ; ; sv, Helsingfors, ) is the Capital city, capital, primate city, primate, and List of cities and towns in Finland, most populous city of Finland. Located on the shore of the Gulf of Finland, it is the seat of the region of U ...

. File:Gasum LNG Carrier To Pori LNG terminal.jpg , Gasum delivers LNG with carriers to terminals located in Finland, Sweden and Norway.

References

External links

* {{Finnish government enterprises Natural gas companies of Finland Companies established in 1994 Companies based in Espoo