Gasum promoted cleaner transport on land and at sea in Q3

Gasum Group Interim report for January 1 to September 30, 2017

• Revenue €676 million (Q3 2016: €589 million)

• Operating profit €78 million (Q3 2016: €86 million)

• Sales of Natural Gas business 16.5 TWh (17.0 TWh)

• Sales of LNG business 4.5 TWh (3.9 TWh)

• Sales of Biogas business 392 GWh (147 GWh)

Gasum Group CEO Johanna Lamminen comments on the third quarter:

”During the period under review, Gasum focused on the promotion of cleaner transport on land and at sea. The LNG Business entered into a significant partnership with ESL Shipping, which will start operating two LNG-fueled ships in the first half of 2018. LNG as a marine fuel meets all current as well as known future environmental requirements. Its use in vessels also reduces particulate emissions and significantly reduces carbon dioxide emissions. The maritime industry regards LNG as a cost-effective choice for reducing emissions.

In the third quarter of the year we strengthened our filling station network for gas vehicle users by opening new filling stations for key transport nodes in Vantaa and Jyväskylä, Finland. We also entered into an important circular economy partnership with IKEA Finland. The cooperation will involve using food waste from IKEA restaurants in Finland to produce biogas, with Gasum gas filling stations also to be constructed in conjunction with IKEA stores.

The Finnish natural gas wholesale and retail market will be opened to competition in 2020 in accordance with the Natural Gas Market Act. Work on the gas market rules will take place actively during the autumn in workshops in cooperation with customers and stakeholders. At Gasum we regard it important to work together with customers and stakeholders to create the best models to serve Finnish gas users.”

Please read Q3 -Interim report >

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

The energy company Gasum is a Nordic gas sector (natural gas and biogas) expert that is building a bridge to a carbon-neutral society on land and at sea. Gasum contributes to the creation of a sustainable energy company by increasing the supply of local biogas, developing the Nordic gas ecosystem and ensuring the price competitiveness of gas. Cleanly with natural energy gases.

"During the period under review, Gasum focused on the promotion of cleaner transport on land and at sea. The LNG Business entered into a significant partnership with ESL Shipping, which will start operating two LNG-fueled ships in the first half of 2018. We also entered into an important circular economy partnership with IKEA Finland. The Finnish natural gas wholesale and retail market will be opened to competition in 2020 in accordance with the Natural Gas Market Act. At Gasum we regard it important to work together with customers and stakeholders to create the best models to serve Finnish gas users.”

Johanna Lamminen, Chief Executive Officer, Gasum