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Olga Väisänen

Vice President Communications
p. +358 40 554 0578
olga.vaisanen@gasum.com
Twitter: @OlgaVaisanen

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Anna-Sofia Malmi

Communications Manager
p. +358 50 469 0114
anna-sofia.malmi@gasum.com
Twitter: @annasofiamalmi

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Gasum in brief

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 350 employees in Finland, Norway and Sweden. The company’s revenue totaled €1,128 million in 2019. Gasum is owned by the State of Finland.

14.08.2020

We are looking for a Sustainability Specialist based in our Espoo office

The Sustainability Specialist will join our international Nordic team. Int his position you will work closely with other team members and cooperate with other internal functions and external stakeholders.

Your main responsibilities will be:

  • Managing Gasum’s certified sustainability system and ecolabeling schemes

  • Coordinating environmental data management and providing analytical expertise in compiling reports

  • Carrying out greenhouse gas calculations

  • Participating in Gasum Group’s corporate responsibility reporting

  • Supporting Gasum’s business units, support units, sales and projects in diverse sustainability topics

What we expect from you:

You’re the Sustainability Specialist we’re looking for if you have a relevant academic degree, a few years’ experience in the field of sustainability, and are interested in the energy sector. Understanding and experience from tasks related to environmental calculations, related standards and life cycle assessment are an asset. Good mathematical skills and mastering the MS Excel are a definite plus.

You’re a flexible and cooperative team player with plenty of initiative and a long-term focus. You have a persistent working style and customer-oriented approach. You’re quick to learn new tasks and operate independently in your everyday work. We appreciate good communication competency. This role requires fluent written and spoken Finnish and English. Swedish/Norwegian is an advantage. Our internal company language is English.

We offer you:

  • Interesting tasks in a Nordic environment and insights into the energy sector

  • Development opportunities in our responsible and innovative company

  • An inspiring and modern workplace and an encouraging team to support you

    Our ethical code covers looking after people and the environment alike. We aim at building a cleaner tomorrow.

Interested in building a cleaner tomorrow?

Please apply by Sunday August 30, 2020, enclosing your CV and salary request. For inquiries about the vacancy, please contact Sustainability Manager Elina Saarivuori between 13:00 and 16:00 on Thursday August 20, 2020 or between 13 and 15 on Wednesday August 26 on +358509112668.

Apply here

 

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11.08.2020

Maritime market update: A new “normal” for maritime market

Risavika LNG index for September has increased by 8.9 % week on week to 17.93 EUR/MWh on higher European gas market prices due to tighter supplies amid seasonal demand change and lower flows through Ukraine.

Oil market remained rather stable. Fuel oil front prices (FO 3.5) closed at 240.32 USD/t last week, by 0.9 % higher week on week. Low Sulphur (MFO 0.5) front month closed at 302.71 USD/t, gaining 0.4 % from previous week. ARA oil inventories showed another build as of last week, indicating slower demand recovery in Europe.

After half of a year with IMO 2020 sulphur cap, it has become evident that the fuel of choice for maritime market has been a very low sulphur fuel oil (VLSFO or MFO 0.5). According to ING Group assessment of demand in Singapore ports, more than 70 % of fuel sales were VLSFO. While back in 2019, the refiners were getting ready to produce a new type of fuel and increasing the volumes, the reality of 2020 with covid-19 impact on demand pressured new fuel prices down leaving market oversupplied. Interestingly, high sulphur oil prices (HSFO or FO 3.5) have been rather resilient due to serving as a feedstock for refiners in the US and as lower stocks kept in the inventories from 2020. The spread between VLSFO and HSFO has fallen from almost 300 USD/t in late 2019 to just about 50 USD/t, which is significantly increased payback period of scrubber installations. This led to about 700 retrofits of scrubbers delayed or cancelled altogether as a result of the narrow spread. The rest of 2020 looks uncertain as new covid-19 cases alerts are appearing and the outlook for recovery seems to still be at the bottom of the “U-shape”.

 

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

 

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

17.93

20.93

17.23

20.78

24.76

26.63

EUR/MWh

303.74

354.57

240.32

302.71

360.58

371.45

USD/t

 Price index 10.8.2020.png

Source: CME Group, Gasum, Reuters, ING, Forbes

*An estimate for LNG FOB Risavika 

** An estimate for 10 % LBG blend FOB Risavika

 

 

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29.07.2020

The world’s first LNG-fuelled research vessel ATAIR receives LNG in Gasum’s first truck-to-ship bunkering operation in Germany

On July 27th, the Nordic energy company Gasum has conducted the first truck-to-ship liquefied natural gas (LNG) bunkering operation in Germany. Gasum delivered LNG to the world’s first LNG-fueled research vessel ATAIR. ATAIR is currently under construction at Fassmer shipyard in Berne/Motzen in Germany. 

ATAIR is the world’s first LNG-fueled research vessel. The vessel will enter into service in 2020 and will replace the old ATAIR, commissioned in 1987. Fassmer was awarded the contract to build the ship for the German Federal Maritime and Hydrographic Agency (BSH), which will use the vessel for sea surveying, wreck search and research. Gasum is delivering the LNG and supporting Fassmer in the execution of the operation at the shipyard. 

The decision to equip the ATAIR with engines that can run on LNG was made because LNG emits significantly less emissions compared to a diesel-fueled ship. As a result, the new ATAIR does not only comply with the TIER III exhaust emission regulations, but also with the EPA TIER IV rules regarding soot particles. Furthermore, the underwater sounds of the vessel are optimized, which protects the marine environment and ensures optimal conditions for the scientific work.

“Our first LNG bunkering operation with trucks in Germany was a great success and we are proud that we can support the Fassmer shipyard with this very important newbuild project. Gasum have already supported customers with ship-to-ship deliveries in North West Europe. However, this truck-to-ship delivery underlines our commitment to expand our geographical footprint in continental Europe. We are working actively on extending our business in the region and have lined up several projects in Germany, Poland, The Netherlands and Belgium.” says Jacob Granqvist, Sales Director, LNG Maritime, Gasum.

LNG is the cleanest available marine fuel, and it’s rapidly becoming the most commonly used alternative to traditional fuels. The use of LNG significantly improves local air quality as well as reducing greenhouse gas emissions by at least 20%, and it meets all the current and forthcoming regulations set out by the International Maritime Organization and the EU. Furthermore, LNG is suitable for all vessel types.
 

For further information please contact:

Jacob Granqvist, Sales Director, LNG Maritime, Gasum
Phone: +358 40 483 9129, jacob.granqvist@gasum.com

Jan Schubert, Sales Manager, Gasum
Phone: +49 175 976 01 61, jan.schubert@gasum.com
 

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