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Olga Väisänen

Vice President, Communications and Sustainability
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 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.

18.10.2021

Gasum is taking part in the Humanising Energy series produced by BBC StoryWorks Commercial Productions

Humanising Energy series introduces the people and communities behind the transition towards renewable energy. The series includes 3-5 minute stories from 20 different companies or communities from around the world. Gasum’s story as a producer of renewable biogas will be featured in the film.

Gasum’s circular economy collaboration with the Finnish K-group will be presented in the series as one of the solutions for energy transition towards renewable energy and reducing emissions. The biowaste from K-group’s stores are delivered to Gasum’s biogas plants where it is processed into renewable biogas which can be used as road or maritime fuel or energy for industry.  K-group is one of the users of this biogas as it is utilized in transportation of K-group’s goods but also in the production of their private label ice cream by Froneri Finland.

The filming of the series took place during the summer of 2021. BBC StoryWorks filming crew visited Gasum’s biogas plant in Lohja, K-Supermarket Lasihytti in Espoo and Froneri Finland’s ice cream factory in Turenki.

The Humanising Energy series is produced by BBC StoryWorks Commercial Productions and presented by World Energy Council. The series was premiered on 5th of October 2021 during the World Energy Week.

Read more about the series from Humanising Energy website

For further information please contact:

Olga Väisänen, Vice President, Communications and Sustainability, Gasum
Phone: +358 40 55 40 578, olga.vaisanen@gasum.com

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.

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06.10.2021

Maritime market update: gas market prices are at a record high

Risavika LNG index was up 22 %, reaching 103.63 EUR/MWh for November contracts. European gas market prices continue to be at the record highs and sentiment remains bullish as supply is limited. Asian spot LNG prices are poised to surpass the all-time high recorded early this year and remained a premium market for LNG, leading to more cargoes being delivered to Asian buyers. The latest rally in spot LNG prices has pushed several Asian buyers to turn to cheaper alternative fuels to meet their power requirements. The weather will determine the extend of gas rally, a colder than expected winter means several Asian buyers will have to secure additional supplies to meet extra heating requirements, increasing the competition for a limited pool of supplies.

Oil product prices have increased too, however, slightly. Fuel oil 3.5 (FO 3.5) price has gained 2.9% to 438.18 USD/t, low sulphur oil (MFO 0.5) and marine gasoil (MGO 0.1) gained 0.7% and 2.6 % to 534.55 USD/t and 657.86 USD/t respectively week on week. Oil supply to the market is tight. The Opec+ alliance has agreed to stick to its plan to increase its collective crude production quota by 400,000 b/d next month, despite growing signs that the market may need a larger hike. The Brent benchmark prices are above 80 USD/BBL, at highest since 2018. Gas prices rally also added bullish sentiment to the oil market as many gas consumer are incentivized to switch to oil products for this winter season.

 

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

103.63

106.63

31.42

36.70

45.17

48.13

EUR/MWh

1755.47

1806.29

438.18

534.55

657.86

671.32

USD/t

imagekfpth.png

 

 

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, Argus Media

*An estimate for LNG FOB Risavika 

** An estimate for 10 % LBG blend FOB Risavika

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05.10.2021

Uponor enhances its climate commitment by a wind power agreement with Gasum

Uponor have signed a 10-year agreement with the Nordic energy company Gasum to supply renewable wind energy.

Uponor have signed a 10-year agreement with the Nordic energy company Gasum to supply renewable wind energy. The new agreement will cover around 25% of the annual electricity usage of Uponor’s Finnish operations. Uponor has been using renewable electricity in its Finnish operations since 2020, but this long-term agreement ensures the availability also in the future and simultaneously advances the construction of new wind power capacity in Finland.

“We are committed to science-based climate targets to reduce CO2 emissions in our whole value chain. Renewable electricity is one important tool in reaching these targets and currently already 99% of our electricity used globally comes from renewable sources. With this long-term agreement we want to show our commitment to renewable alternatives and by creating demand also support the transition to the carbon neutral society,” comments Michael Rauterkus, President and CEO, Uponor Corporation.

“We are glad that Uponor have decided to invest in long-term renewable wind energy. It follows the Finnish climate targets as well as Gasums strategy to expand within the wind energy segment. We want to offer our partners the most comprehensive solutions on the energy market to meet their energy needs and to help companies to reach their environmental goals faster. And renewable wind energy wind is a part of the transition to a cleaner tomorrow.” says Tommy Mattila, Vice President, Industry at Gasum

For more information, please contact:
Tommy Mattila, Vice President, Industry, Gasum
phone. +358 40 581 9247,
tommy.mattila@gasum.com

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

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