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The preliminary gas transmission tariff of TSO has been published.
The Finnish gas transmission system operator (=TSO) with system responsibility will hold a public consultation between February 15 and March 31, 2019 on the new gas transmission tariffs.
Janne Grönlund, Chief Operations Officer, TSO, Gasum
Tel. +358 400 368 825, forname.lastname(a)@gasum.com
The gas transmission system operators (TSOs) in Finland, Latvia and Estonia - Gasum Oy, AS Conexus Baltic Grid and Elering AS – have today signed an Inter TSO Compensation (ITC) agreement, which enables the functioning of a single gas transmission tariff zone for Finland, Estonia and Latvia from the beginning of 2020.
The ITC agreement unifies the entry point tariffs on the external borders of the region and removes commercial interconnection points between countries. It will be used for transportation of the gas across Finland, Estonia and Latvia without additional charges. The ITC agreement also foresees compensation for TSOs of eligible variable costs and sets principles of the entry revenue re-distribution among the operators.
The agreement is expected to lead to higher market liquidity by making it easier for shippers and traders to sell gas on the whole market area.
The ITC agreement became effective on the date of signing for Elering and Conexus and it will become effective for Gasum once the changes required in national legislation enabling the Finnish TSO to enter into such agreement become into force. The ITC compensation mechanism will become effective on 1 January 2020.
Jouni Haikarainen, Senior Vice President, Gasum Ltd
Tel. +358 40 7095690, forname.lastname(a)gasum.com
The world’s first LNG-fueled icebreaker, Polaris, received liquefied natural gas (LNG) fuel in January from the Pori LNG import terminal and in February from the Manga LNG terminal located in the Röyttä Harbor in Tornio, Finland. The commercial use of the Tornio import terminal begins this year.
The gas and fuel market of Northern Finland will diversify as the commercial use of the Tornio import terminal begins this year. Access to LNG is an important competitiveness factor for current industrial operators in the area as well as for the Port of Tornio. The terminal is intended to meet industrial as well as land and maritime transport needs.
“LNG is excellently suited for use as a marine fuel as it's a great alternative to oil, and being environmentally friendly is one of its strengths. We’ve already supplied LNG for northern ports such as Luleå, Sweden, and Kemi and Oulu, Finland. Polaris is the first vessel bunkered in Tornio. The start of the commercial use of the Tornio Manga LNG terminal strengthens Gasum’s LNG supply chain in Northern Finland and Sweden for industry and maritime transport,” says Tommy Mattila, Sales and Marketing Director, Natural Gas and LNG, Gasum.
LNG is the most environmentally friendly maritime fuel. LNG meets the requirements set by the Sulphur Directive regulating shipping emissions as well as the stricter emission limits to be applied in the future. It does not contain sulfur and its combustion generates 87% less nitrogen oxides. In maritime transport, the in-use carbon dioxide emission reduction achieved is at least 9% compared with marine diesel. Its fine particulate emissions are also minute. LNG can also be used to replace the use of petroleum-based fuels in industry, energy production and heavy-duty road transport. The use of LNG also enables a switch to liquefied biogas (LBG) without any additional investments.
Gasum has an LNG production plant and terminal in Risavika, Norway, LNG terminals in Øra, Norway, Lysekil, Sweden and Pori, Finland. Gasum is a joint-venturer in the Tornio Manga LNG terminal with Outokumpu, SSAB Europe and EPV Energy.
Tommy Mattila, Director, Sales and Marketing, Natural Gas and LNG, Gasum
Phone: +358 40 5819 247, firstname.surname(a)gasum.com
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Biogas helped solve brewery restaurant’s Bryggeri’s waste problem
Did you know that Gasum is Finland’s leading processer of biodegradable fractions? Thanks to our local biogas plant network, we provide a flexible service for public as well as private organizations. Take a look and ask us for a quote.