For the media
Information about Gasum
Responsibility
For the media
Information about Gasum
Responsibility
For any media enquiries and requests, please contact Gasum Group Communications.
The energy company Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers. Together with its partners, Gasum promotes development towards a carbon-neutral future on land and at sea.
The Gasum Group has around 380 employees in Finland, Norway, Sweden and Germany. Gasum is owned by the State of Finland.
Gasum’s gas filling station network will be available also for Central European customers, enabling cross-border corridors for gas haulage. Mobility service provider Eurowag’s customers are to have easy access to filling stations in Finland and Sweden.
Gasum and Eurowag have agreed on cooperation that extends the network of LNG and CNG filling stations for Eurowag Card holders to Finland and Sweden. Currently, the Eurowag Card is accepted at around 120 LNG and 110 CNG filling stations all over Europe.
Answering to the increasing demand for clean and affordable road fuel gas, Gasum’s expanding Nordic network currently consists of around 100 gas filling stations – including LNG stations for heavy-duty vehicles – in Finland, Sweden, and Norway. Already, several thousands of LNG-powered trucks are in operation in Europe, with numbers expected to increase steadily.
“We are happy to offer further possibilities for a major player in Central Europe by accepting Eurowag Cards at Gasum’s gas filing stations. This is part of the development of the gas vehicle market and supports our target of connecting the Nordic and Central European markets and enabling low emission logistics for international players in the Nordics,” says Gasum’s Juho Kurra, Business Development Manager, Traffic.
“We are proud that with our cooperation with Gasum we have expanded our LNG and CNG network for our customers and opened the possibility for them to refuel LNG and CNG also in Sweden and Finland. We believe that this cooperation will also help further transportation companies in their decision to start their journey towards clean and cost-efficient transportation,” says Jan Laluch, Product Owner for Alternative Fuels in Eurowag.
From now on, Eurowag Cards will be accepted at all Gasum’s LNG filling stations and selected CNG stations in Finland and Sweden. The locations of stations in each operating country are listed on the companies’ websites.
For more information, please contact
Olli Paasio, Director, Traffic Finland, Gasum
tel. +358 50 392 6477, firstname.surname(a)gasum.com
Risavika LNG gained 1.7 % week on week and was at 46.63 EUR/MWh by the end of lats week. Gas prices remain supported as summer maintenances for pipeline gas continue, while LNG arrivals are slow. Nord Stream will be out for maintenance from today for 10 days with Gazprom likely to use its inventories in Europe to supply its contractual volumes. This would potentially decrease inventories, increasing demand for injections on the second half of the summer, but pipeline gas supplies could be higher then. According to Platts, the first string of Nord Stream 2 could be ready to supply volumes in September as it takes 2-3 months to test and certify the pipeline.
Oil product prices were down last week following benchmark crude prices, now trading above 75 USD/BBL. The failure to reach an agreement within OPEC + and lack of scheduled meeting date turned into a bearish sentiment with risk of a price war. In addition, spread of coronavirus Delta variant in Europe causes uncertainties about economic rebound of the continent and oil demand outlook, which adds to a bearish sentiment. Fuel oil 3.5 (FO 3.5) price dropped 2.5 % to 398.22 USD/t despite a significant inventory draw in ARA region, low sulphur oil (MFO 0.5) and marine gasoil (MGO 0.1) were comparably resilient dropping only by 0.7 and 0.2 % to 520.91 USD/t and 601.44 USD/t respectively.
|
Front Month Price index |
||||||
|
LNG Risavika* |
LBG blend Risavika** |
FO 3.5 FOB Rdam |
MFO 0.5 FOB Rdam |
MGO 0.1 FOB ARA |
ULSD FOB ARA |
Unit |
|
46.63 |
49.63 |
28.55 |
35.76 |
41.29 |
43.79 |
EUR/MWh |
|
789.94 |
840.76 |
398.22 |
520.91 |
601.44 |
610.73 |
USD/t |
LNG Risavika - LNG FOB Risavika
LBG Risavika 10 % - 10 % blend of Liquified Biogas
FO 3.5 FOB Rdam – European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures Quotes
MFO 0.5 FOB Rdam - European FOB Rdam Marine Fuel 0.5% Barges (Platts) Futures Quotes
MGO 0.1 FOB ARA - Gasoil 0.1% Barges FOB ARA (Platts) Futures Quotes
ULSD FOB ARA - European Diesel 10 ppm Barges FOB ARA (Platts) Futures Quotes
Source: CME Group, Gasum, Platts, Bloomberg, Financial Times
*An estimate for LNG FOB Risavika
** An estimate for 10 % LBG blend FOB Risavika
European gas markets prices rally continued to end of June and beginning of July, Risavika LNG gained 7.7 % week on week and was at 45.83 EUR/MWh by the end of lats week. European gas markets are bullish on annual maintenances of import pipelines and LNG terminals, while demand for storage injections and cooling remains. Russian flows to Europe have been lower this year, and with Gazprom holding off from booking additional capacity via Ukraine also during this summer, the pipeline gas supplies to stay tight. Commissioning of Nord Stream 2 could ease the situation, however, the operation shall start only after the certification process, a subject to potential delays. Global LNG supplies have increased in June, but additional supplies were delivered to Asian markets, leaving Europe with the volumes unchanged from previous year.
Oil product prices showed upside with benchmark Brent crude price increasing over 77 USD/BBL and anticipation of further demand recovery. Fuel oil 3.5 (FO 3.5) price gained 1.5 % to 408.15 USD/t, low sulphur oil (MFO 0.5) was up by 2.3 % to 524.70 USD/t, and marine gasoil (MGO 0.1) gained 2.1 % to 602.39 USD/t. The prices have potential for future upside on the back of crude prices as OPEC+ has failed to agree on future production policy. The discussions were roadblocked by the United Arab Emirates objections to a deal extension under the current baselines. With no agreed date for the next meeting, oil prices are likely to stay supported.
|
Front Month Price index |
||||||
|
LNG Risavika* |
LBG blend Risavika** |
FO 3.5 FOB Rdam |
MFO 0.5 FOB Rdam |
MGO 0.1 FOB ARA |
ULSD FOB ARA |
Unit |
|
45.83 |
48.83 |
29.26 |
36.02 |
41.36 |
43.87 |
EUR/MWh |
|
776.30 |
827.12 |
408.15 |
524.70 |
602.39 |
611.93 |
USD/t |
LNG Risavika - LNG FOB Risavika
LBG Risavika 10 % - 10 % blend of Liquified Biogas
FO 3.5 FOB Rdam – European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures Quotes
MFO 0.5 FOB Rdam - European FOB Rdam Marine Fuel 0.5% Barges (Platts) Futures Quotes
MGO 0.1 FOB ARA - Gasoil 0.1% Barges FOB ARA (Platts) Futures Quotes
ULSD FOB ARA - European Diesel 10 ppm Barges FOB ARA (Platts) Futures Quotes
Source: CME Group, Gasum, Reuters, Argus Media
*An estimate for LNG FOB Risavika
** An estimate for 10 % LBG blend FOB Risavika
