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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 around 380 employees in Finland, Norway, Sweden and Germany. Gasum is owned by the State of Finland.
Gasum and Metsä Fibre, part of Metsä Group, have agreed on cooperation in biogas processing at the biogas part operating as part of Metsä Fibre’s Äänekoski bioproduct mill. Metsä Fibre will be responsible for the plant’s overall operations, whereas Gasum will be responsible for the daily remote operation and maintenance of biogas processing. Gasum will buy the biogas produced at Metsä Fibre’s plant for use as a road transport fuel in the company’s filling station network.
The Äänekoski biogas plant is owned by Metsä Fibre and will use wood-based sludge from the bioproduct mill to produce biogas and biopellets. The biopellets will be used in energy production at Metsä Fibre’s power plant. Gasum will process the biogas from the plant, manage the plant’s operation and maintenance, and sell the biogas for road transport through its filling station network.
"It’s great to work with Metsä Fibre in biogas production. Demand for renewable biogas is constantly growing and it’s currently by far the best way to reduce emissions in heavy-duty transport, for example. The significance of biogas in reducing transport emissions is well known. We want to increase biogas supplies and cooperation with Metsä Fibre will enable us to boost biogas availability in our network of gas filling stations,” says Ari Suomilammi, Director, Biogas Production, at Gasum.
"Our biogas plant further processes the sludge originating in pulp production into products of higher added value. Together with Gasum, we will be able to process biogas produced at the plant into a transport fuel. Safety and sustainability are key values for both companies, which is why I’m extremely pleased about our cooperation with Gasum,” says Kaija Pehu-Lehtonen, Senior Vice President, Business Development, at Metsä Fibre.
For more information please contact:
Ari Suomilammi, Director, Biogas Production, Gasum
Phone: +358 400 653 351, firstname.surname(a)gasum.com
Kaija Pehu-Lehtonen, Senior Vice President, Business Development, Metsä Fibre
Phone: +358 50 598 8384
Risavika LNG index has increased to 104.8 EUR/MWh gaining 10 % week on week as Europe anticipates a cold start of December, higher withdrawals from the storage, while gas supply is tight. The day-ahead capacity auctions for Ukrainian pipelines and at Germany’s Mallnow compressor station will provide a strong signal on price development in December. Russian Gazprom has said it aims to keep refilling European storage sites until the end of December, however, it hasn’t used short-term auctions to ship more fuel. The market is likely to see day ahead prices volatility this month as the price will be defined by weather and short-term capacity bookings.
Benchmark oil prices dropped for the fifth consecutive week and were just above 71 USD/BBL mark as the market anticipates impact of new covid variant on oil demand recovery, while release of strategic reserves could have impact in the first quarter of 2021 oversupplying the market. Oil product prices were dropping following the benchmarks. Fuel oil 3.5 (FO 3.5) price was down 7.3 % to 386.53 USD/t, low sulphur oil (MFO 0.5) dropped 7 % to 504.33 USD/t and marine gasoil (MGO 0.1) lower by 7.6 % to 609.8 USD/t week on week.
|
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 |
|
104.80 |
107.80 |
27.71 |
34.63 |
41.87 |
43.24 |
EUR/MWh |
|
1775.37 |
1826.20 |
386.53 |
504.33 |
609.80 |
603.08 |
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, Bloomberg, Argus Media
*An estimate for LNG FOB Risavika
** An estimate for 10 % LBG blend FOB Risavika
Energy company Gasum’s Board of Directors has appointed Mika Wiljanen (b. 1965) to be the company’s new CEO. Wiljanen will take up the position on March 1, 2022.
Mika Wiljanen has served as CEO of St1 Oy since 2010, since when he has driven the company persistently towards renewable energy solutions. At the same time, he has served St1 also in other senior positions in the Nordics including as CEO of St1 Norge AS and St1 Finance Oy. In addition, he has a long track record in international senior management tasks in the energy industry, including time at Shell.
“Mika’s long, international career and strong track record in developing companies in different market areas convinced the Board of Directors that he is the right person to take Gasum’s strategy forward. Looking ahead, Gasum aims to respond to growing demand for gas and biogas in industry, maritime and road transport, and to provide our customers with solutions to reduce their climate impacts,” says Elina Engman, Chairperson of Gasum’s Board of Directors.
”I’m really excited for the opportunity to build Gasum’s next phase together with the company’s committed and skilled people. The need for low-emission energy solutions continues to become more important and Gasum is well placed for the future,” says Mika Wiljanen.
For more information, please contact:
Elina Engman, Chairperson of the Board of Directors, Gasum
Olga Väisänen, Vice President, Communications and Sustainability, Gasum
Phone +358 40 554 0578, olga.vaisanen@gasum.com
