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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 350 employees in Finland, Norway, Sweden and Germany. Gasum is owned by the State of Finland.
Gasum and Loiste Energia have entered into an extensive partnership agreement on energy management services with effect from the beginning of April 2022. By outsourcing its energy market process and systems to Gasum, Loiste aims to achieve better returns from the electricity markets and can also focus on its core business.
Gasum and Loiste’s partnership extensively covers energy management services such as sales of electricity production, electricity market portfolio management and brokering services, including market analyses and forecasts as well as balance management and 24/7 control room services. Besides these, Gasum is responsible for the continuous planning and optimization of production at Loiste’s CHP plant and hydropower plants. Gasum’s own systems are used in the provision of services and production plants are automatically controlled in accordance with Gasum’s plans.
“We can now benefit from Gasum’s long experience of operating on the electricity markets. It was great to find a dependable partner who is able to provide comprehensive energy market services to Loiste. Gasum plans our production optimally, places it on the market and looks for the best marketplace, whether SPOT, ELBAS, regulating power or reserve markets for our production. Gasum also manages the finance side, including electricity price hedging, emissions trading and certificates of origin. Gasum has good expertise on which we can reliably do business,” says Timo Haarala, Production Planning Manager at Loiste Energia.
”It’s great to start working closely with Loiste Energia. Partnership is an excellent example of our comprehensive energy market services. Gasum’s services ensure the best possible risk management model for our customers. We are helping Loiste to manage their daily electricity trading process and to predict and manage their risks conveniently also in changing energy market situations,” says Tommy Mattila, Vice President, Industry and Traffic, at Gasum.
Gasum helps its customers in managing energy markets and by providing diverse energy market services. The company also provides climate-friendly alternatives to oil-based fuels and coal, and helps customers to lower their carbon footprint.
For more information, please contact:
Tommy Mattila, VP, Industry and Traffic, Gasum
p. +358 40 581 92 47, tommy.mattila@gasum.com
Tea Kiukas, Head of Energy Market Services, Gasum Portfolio Services
p. +358 40 588 8595, tea.kiukas@gasum.com
Timo Haarala, Production Planning Manager, Loiste Energia
p. +358 50 562 0601, timo.haarala@loiste.fi, www.loisteyhtiot.fi
Natural gas supplies to Finland under Gasum’s supply contract have been cut off.
Starting from today, during the upcoming summer season, Gasum will supply natural gas to its customers from other sources through the Balticconnector pipeline. Gasum’s gas filling stations in the gas network area will continue in normal operation.
For more information please contact:
Olga Väisänen, Vice President, Communications and Sustainability, Gasum
Phone: +358 40 55 40 578, firstname.surname(a)gasum.com
On the afternoon of Friday May 20, Gazprom Export informed Gasum that natural gas supplies to Finland under Gasum’s supply contract will be cut on Saturday May 21, 2022 at 07.00.
Starting from tomorrow, during the upcoming summer season, Gasum will supply natural gas to its customers from other sources through the Balticconnector pipeline. Gasum’s gas filling stations in the gas network area will continue in normal operation.
“It is highly regrettable that natural gas supplies under our supply contract will now be halted. However, we have been carefully preparing for this situation and provided that there will be no disruptions in the gas transmission network, we will be able to supply all our customers with gas in the coming months,” says Gasum’s CEO Mika Wiljanen.
For more information please contact:
Mika Wiljanen, Chief Executive Officer, Gasum
Olga Väisänen, Vice President, Communications and Sustainability, Gasum
Phone: +358 40 55 40 578, olga.vaisanen@gasum.com
