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.

History

The first natural gas pipeline from the Soviet Union to Finland was opened in 1974. 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 and Gazprom. 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, E.ON and Finnish forest companies 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, also 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 and increased its ownership to 100% in 2018. 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.
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. 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 , as of 1 January 2020. 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.

Operations

LNG distribution

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

Filling stations

There are over 33 filling stations in Finland and in Sweden from which compressed natural gas can be fueled. Some of these also offer LNG for heavy transport.

Biogas production

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

Corporate affairs

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

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