22.02.2017  

Gasum sold its heat business and natural gas retail business to Auris Kaasunjakelu

Gasum Ltd sold its heat business and natural gas retail business to Auris Kaasunjakelu Oy. A transaction was closed on 22 February 2017. The transaction is part of the Gasum strategy where the key objective is to expand the gas market based on biogas, natural gas and liquefied natural gas (LNG) in the Nordic coutries.

The transaction involved Gasum giving up the heat business and natural gas retailing within the local distribution network area of Auris Kaasunjakelu Oy. Gasum will continue to supply natural gas to its wholesale customers and other distributors of gas in Finland.

Gasum’s current biogas customers will remain as Gasum customers, and Gasum will continue the development of the biogas market by offering biogas both directly to distribution customers and via distribution sales companies. Giving up natural gas retailing clarifies Gasum’s position in the Finnish gas market, which will undergo changes following the coming reform of the Natural Gas Market Act.

For further information, please contact:

Johanna Lamminen, Chief Executive Officer, Gasum Ltd
Phone: +358 20 447 8661 (Henna Walker, Executive assistant)