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Kai Laitinen

CFO, Gasum
Tel. +358 40 500 2080
kai.laitinen@gasum.com

Gasum Green Funding Framework

Gasum Green Funding Framework is part of the company’s financing strategy and is used by the company to show the positive environmental and climate impacts of its business.

CICERO Shades of Green has evaluated and given Gasum’s Green Funding Framework the grade of dark green, which is allocated to the most climate friendly projects or business solutions that promote the long-term vision of the transition to a low-carbon society.

Gasum Green Funding framework

CICERO Second Opinion

Key data for 2018

Revenue €1,177 million
(2017: 925)

Operating profit €124 million
(2017: 114)

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Key figures and financial reports

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Please read more about Gasum Group's key figures, financial reports, financial statement bulletins and reports (pdf).

2019

Financial result Q3 2019
Financial result Q2 2019
Financial result Q1 2019

01.01.2020

Finnish pipeline gas market is open, and Gasgrid Finland Oy has begun operations

The Finnish gas market has opened up to competition and the wholesale of gas and transmission network has been unbundled from each other 1 of January 2020.

The new gas transmission network company, Gasgrid Finland Oy is responsible for gas transmission operations in Finland. The company has been unbundled from the energy company Gasum into a separate company.

The transmission network company, Gasgrid Finland Oy, is the Transmission System Operator (TSO) with system responsibility and offer gas transmission services.

Please contact Gasgrid Finland Oy, if You have in inquiries related to gas transmission operations in 2020.


For more information please contact:
Olga Väisänen, Vice President, Communications, Gasum
Phone: +358 40 55 40 578, firstname.surname(a)gasum.com


The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

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20.12.2019

Gasum receives investment grants from the Swedish Klimatklivet initiative for a new biogas plant and four filling stations

Gasum has received grants from the Swedish Climate Leap initiative (‘Klimatklivet’) for a planned new biogas plant and four new gas filling stations for heavy-duty vehicles. Gasum is aiming to reduce CO2-emissions in the road transport sector with liquefied biogas (LBG) and liquefied natural gas (LNG). The new projects support the development of the Nordic gas ecosystem.

The new planned biogas plant supported by Klimatklivet will be located in Götene, Sweden. The approved grant for Gasum’s new plant is valued at EUR 15 million (SEK 158 million). Manure will be the main feedstock and the biogas produced at the plant will be used for LBG production. In addition, the plant will produce biofertilizers, which for the most partwill be organically certified. 

“The idea for the biogas plant was first initiated by the local farmers’ association Götene Biogas Ekonomisk Förening. It’s important for us at Gasum to further develop our presence in the agricultural sector, so we are looking forward to the cooperation. The Götene biogas plant project will strenghten our production capacity, create local jobs and contribute significantly to Gasum’s work to reach climate targets. We acknowledge the great importance of the Klimatklivet investment grant and thank the Swedish Environmental Agency for their foresight and professionalism,”says Erik Woode, Senior Manager of Business Development, Gasum Sweden.

Gasum is the leading supplier of biogas in the Nordic countries. Gasum operates 13 biogas plants in Sweden and Finland and is rapidly growing the biogas volume with new production and sourcing opportunities. All the biogas plants are run according to circular economy principles.

Four new gas filling stations for heavy-duty vehicles to strenghten the Nordic gas filling station network

The four new gas stations being built with the Klimatklivet grant will be located in Malmö, Halmstad and in eastern and western Gothenburg. The stations are planned to begin operating in 2020. The grant of EUR 3 million (SEK 32 million) was approved for the four new filling stations by the Swedish Environmental Protection Agency under the Klimatklivet initative. The initiative supports climate investments to cut CO2-emissions in Sweden. The gas filling stations chosen for the grant are located in high-traffic areas. New stations in Sweden will be part of the gas filling station network which offers LBG and LNG for heavy-duty vehicles.

“Klimatklivet is essential in supporting our journey towards a carbon-neutral society. Without the grant, we wouldn’t be able to build these new stations in Sweden. People are becoming more aware of the benefits of gas in Sweden and now is the time to invest in clean energy solutions,” explains Mikael Antonsson, Director, Traffic, Gasum Sweden.  

The road transport sector plays a key role in reducing CO2-emissions. In order to reach the emission targets set by Sweden as well as the EU, changes in the transport sector need to be made now. The national target in Sweden is to reduce road transport emissions by 70% by 2030, as compared to 2010 levels. With the development of Gasum’s Nordic gas filling station network, more environmentally friendly options are becoming increasingly available and supporting the transition to cleaner road transport. With the use of LBG, CO2-emissions can be reduced by approximately 85% when compared with diesel, and by 20% with LNG.


For more information please contact:

Mikael Antonsson, Director Traffic Sweden, Gasum
Tel. +46 72 454 33 82, ​Mikael.antonsson@gasum.com

Erik Woode, Senior Manager of Business Development, Gasum Sweden
Tel. 
+46 13 991 96 63, erik.woode@gasum.com


The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

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19.12.2019

Opening up of the gas market at the beginning of next year will change the energy sector

The first day of 2020 will see the Finnish pipeline gas market open up to competition and the transmission and wholesale of gas will be unbundled from each other. In the same context, the transmission network will be unbundled from Gasum into a separate company. This will make it possible for other actors within the gas grid area to import and sell gas through the transmission network. The turn of the year will also see completion of the new Balticconnector pipeline, which will link the Finnish and Estonian gas grids.

Following many years of preparation, reform of the Finnish gas market will culminate at 7am on January 1, 2020, when the Finnish pipeline gas market opens up to competition. Reform was preceded by the new Natural Gas Act, which entered into force in 2018, and several years of extensive cooperation with Gasum and other actors in the sector.

In practice, the reform taking place at the turn of the year means that the gas transmission network will be unbundled from Gasum into a separate company. At the same time, the import and wholesale of natural gas will be possible for other actors. The turn of the year will also see completion of the new Balticconnector transmission pipeline, which will connect Finland’s gas grid not just to the Russian but also to the Estonian grid.

“The reform is an important matter, both symbolically and in practice. Greater competition will allow customers to buy their gas more flexibly than earlier. Gas traders will in turn be able to develop increasingly better products for customer needs. Gasum has the advantage of decades of experience and competence in the gas and energy sector. I certainly see this primarily as an opportunity to further develop our services while developing our company as a Nordic energy sector expert,” says Gasum CEO Johanna Lamminen.

Security of supply and reliability are very important in an open gas market, where efficiency, innovation and responsibility determine success in open competition.

Gasum will continue to be the gas transmission system operator with system responsibility until the end of 2019. From the beginning of 2020, the transmission business will be unbundled from Gasum into a separate company, Gasgrid Finland, which will start operating on January 1, 2020.


For more information please contact:
Olga Väisänen, Vice President, Communications, Gasum
Phone: +358 40 55 40 578, firstname.surname(a)gasum.com


The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

Read more
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Gasum Group published Financial Statements Bulletin 1.1.–31.12.2018

In 2018 we expanded our gas market in line with our strategy on land and at sea. Gas use increased and there's positive outlook for gas market in the Nordics. Our Group’s financial performance developed as expected.

"Gasum had a successful year in 2018 because of determined strategy implementation, operational efficiency and also improved safety. Our revenue increased up 27% year on year in 2018."


Johanna Lamminen, CEO, Gasum Group

Johanna Lamminen, CEO, Gasum

Year 2018

Operation profit: 10.5%

Equity ratio: 43.7%

Return on equity: 13.3%


Year 2017

Operation profit: 12.3%

Equity ratio: 41.6%

Return on equity: 13.7%