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Information about Gasum
Responsibility and safety
26.02.2016
• Revenue €915 million (2014: €1,079 million)
• Operating profit €126.4 million (2014: €5.1 milion)
• Natural gas sales 26.0 TWh, (2014: 29.3 TWh)
• Biogas consumption increased by up to 155% and totaled 40.8 GWh
• Liquefied natural gas (LNG) consumption increased by 33% and totaled 376,700 tonnes (5.2 TWh)
“The year 2015 strategy deployment progressed as planned and we succeeded in kicking off our projects in accordance with our strategy.
The biogas business developed strongly during the year. Our Biogas Label, which tells about Finnish and renewable biogas was received very well on the market. There is clear market demand for a clean, 100% Finnish fuel. Low-emission fuels are also emphasized in Finland's national targets set for renewable transport fuels.
The volume of LNG deliveries increased by up to 33%, while at the same time progress was made as planned in the construction of LNG infrastructure projects.
The agreement concluded with Gazprom Export ensures our customers’ access to natural gas that is inexpensive in the European context.
Our financial and operational performance improved from the year before, and we will continue firmly on our path for profitable growth in line with our strategy.”
The volumes of gas sold by the Natural Gas Business Unit are not anticipated to decrease further. Gasum will invest strongly in business growth and the replacement of coal with natural gas in line with the objective set in the Paris Agreement.
Gasum will also participate in societal debate on the steering impacts of Finland's energy taxation model to make them more favorable to environmentally friendly natural gas. Natural gas and LNG can already help considerably reduce carbon dioxide emissions as they can be used instead of coal in combined heat and power (CHP) production and instead of petroleum-based products in industry and transport. The level of local emissions from natural gas use is also considerably lower than with other available fuels, which helps improve air quality in urban environments and along transport routes in particular.
Gasum’s investments in the Nordic LNG infrastructure will enable market growth for industrial, shipping and road transport needs. The development of biogas production and the biogas market is a key element of Gasum’s strategy and business growth. Together with natural gas and liquefied natural gas (LNG), biogas is forming a bridge to a carbonneutral society.
Read Q4-Financial statements bulletin >>
Gasum will publish the financial statements, annual report and corporate responsibility report on week 11.
GASUM GROUP
Group Communications
FOR FURTHER INFORMATION PLEASE CONTACT:
Johanna Lamminen, Chief Executive Officer, Gasum
Henna Walker, Executive assistant, Gasum
Phone: 020 44 78661 firstname.surname(a)gasum.fi
