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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

Media releases and news

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Gasum in brief

The energy company Gasum is a Nordic gas sector expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. Gasum imports natural gas to Finland and promotes circular economy by processing waste and producing biogas and recycled nutrients in Finland and Sweden. The company offers energy for heat and power production, industry as well as road and maritime transport. Gasum is the leading supplier of biogas in the Nordic countries. The company has a gas filling stations network, that also serves heavy-duty vehicles. The Gasum subsidiary Skangas is the leading liquefied natural gas (LNG) player in the Nordic market. The company continues to strengthen the position and infrastructure of LNG and supplies LNG to maritime transport, industry and heavy-duty vehicles in Finland, Sweden and Norway.

The Gasum Group has around 400 employees in Finland, Norway and Sweden. The company’s revenue in 2017 totaled €925 million. Gasum is a fully Finnish state-owned company. 

17.10.2018

Gasum announced a major filling station network investment program in Q3 2018

Gasum Group Interim Report, January 1 to September 30, 2018

Key financial indicators 

• Revenue €827.4 million, up 22,5% (€675.7 million)
• Sales of Natural Gas business €613.2 million (€497.8 million)
• Sales of LNG business €176.8 million (€140.5 million)
• Sales of Biogas business €35.5 million (€35.4 million)
• Operating profit €93.0 million, up 20,0% (€77.5 million)

Gasum Group CEO Johanna Lamminen comments on the third quarter of 2018: 

”Our Group’s financial performance improved in line with our expectations during the period under review. Our revenue was up 22.5%  year on year at €827.4 million and our operating profit was €93.0 million.

The fight against climate change necessitates a transition from carbon- and oil-based alternatives to cleaner solutions, and this is rapidly accelerating the demand for gas. In the years ahead, we will be investing significantly in the development of the Nordic gas market and infrastructure. We are continuously strengthening our capacity to offer diverse, competitive and easy-to-access gas solutions to our customers in Finland, Sweden and Norway.

In transport in particular, the demand for cleaner gas solutions is growing considerably. Transport accounts for around a fifth of the EU’s greenhouse gas emissions total and, of this, a quarter is from delivery and heavy-duty vehicles. To respond to this growing demand, we have adopted offering clean alternatives for transport as one of our strategic focuses.

In September, we announced a major plan to expand the gas filling station network for heavy-duty vehicles by around 50 stations in Finland, Sweden and Norway. The new filling stations will be located at key transport nodes as regards road haulage flows, and they will enable significant increases in the use of liquefied natural gas and biogas in heavy-duty transport.

Another important step in the development of the Nordic gas market is the transaction closed in late August where we acquired the energy market services business of Enegia.

The acquisition enables us to serve our Nordic customers more extensively. At the same time, we are continuing preparations for the opening up of the Finnish gas market effective from the beginning of 2020.”

Please read Q3 2018 Interim report >

For further information please contact:
Johanna Lamminen, Chief Executive Officer, Gasum 
Phone. +358 20 44 78 661
(Henna Walker, Executive Assistant)
firstname.surname(a)gasum.com

The energy company Gasum is a Nordic gas sector 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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16.10.2018

Participate in Gasum’s responsibility survey

Gasum is working for a cleaner tomorrow. We would like to develop our corporate responsibility even further. Kindly help us by telling us what is important to you.

Please participate in this questionnaire by 31.10.2018 and let us know what you expect from us. It will only take 5-10 minutes of your time. Please find the questionnaire here. 

Our corporate responsibility is derived from our strategy. Gasum offers cleaner energy solutions for heat and power production, industry as well as road and maritime transport.

Your opinion is important to us! Thank you in advance for your input.

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10.10.2018

Gasum increases its shareholding in Skangas to 100% and consolidates its position as the leading Nordic LNG provider

Energy company Gasum has increased its shareholding in Skangas to 100%. The acquisition strengthens a key element of Gasum's strategy and will further enhance the development of the Nordic gas market and LNG distribution network. The increase in shareholding consolidates Gasum's position as the leading Nordic LNG provider and the gas market forerunner.

Nordic energy company Gasum has purchased the remaining shareholding in the Norwegian liquefied natural gas (LNG) provider Skangas from the Lyse Group. In 2014, Gasum became Skangas's majority shareholder with a 51% holding, and in 2017 the share grew to 70%.

"Completing the acquisition of Skangas gives us even better opportunities to build and develop the Nordic gas ecosystem and to respond to growing demand. We thank the Lyse Group for the good co-operation in developing the LNG market,” says Johanna Lamminen, CEO, Gasum. "The need for cleaner fuel solutions in industry and transport is increasing significantly, and LNG is the most competitive option for low-emission fuels. We want to be the frontrunner in taking the Nordic countries to a cleaner tomorrow.”

Gas plays a major role in reducing the carbon footprint in terms of the total use of energy in the Nordic countries. The demand for cleaner fuel solutions is increasing rapidly as new ways to reduce emissions and fight climate change are sought in all transport and industry sectors. LNG can be used in both maritime and heavy-duty road transport, as well as in industrial processes. Renewable liquefied biogas (LBG) can be used in the same applications.

For the last few years, Gasum has been determined to build the Nordic LNG infrastructure to improve the availability of gas for the needs of the industry, transport, and maritime sectors. In September, Gasum announced the company’s intention to expand the Nordic LNG filling station network to around 50 locations by the early 2020s. An extensive filling station network in Finland, Sweden and Norway enables significant increases in the use of liquefied natural gas and liquefied biogas in road haulage and distribution traffic.

The now announced acquisition is a step further in developing the Nordic LNG infrastructure. The acquisition ensures a strong foothold for Gasum in the growing market, and further enhances the industry’s leading know-how and utilization of the latest technology innovations.

For more information please contact:

Johanna Lamminen, Chief Executive Officer, Gasum
Phone: +358 20 44 78 661, firstname.surname(a)gasum.fi

Olga Väisänen, Vice President, Communications, Gasum 
Phone: +358 40 554 0578, firstname.surname(a)gasum.fi

The energy company Gasum is a Nordic gas sector 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