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LNG is the cornerstone of the new Nordic gas ecosystem

Gas has a significant role to play in reducing the carbon footprint of the energy industry. Read LNG’s journey from a manufacturing plant to the tanks of heavy-duty vehicles and vessels!

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Articles
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ARTICLE

LNG is the cornerstone of the new Nordic gas ecosystem

The LNG value chain is built on manufacturing plants, terminals and efficient distribution networks. These elements enable the use of gas on land and at sea.

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ARTICLE

Biogas and the Nordic Swan Ecolabel – an eight-year journey

Gasum’s biogas was the first Finnish fuel for vehicles to receive the Swan label – and continues to remain the only Finnish traffic fuel with the Swan label.

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ARTICLE

Gas offers solutions to lower transport emissions in Sweden

As the regulations concerning traffic emissions are further tightened, the time has now come to tackle this problem.

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ARTICLE

Responsibility is at the core of Gasum’s strategy

The energy company Gasum is taking determined steps to promote sustainable development in accordance with the principles of circular economy.

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ARTICLE

Gasum is built together

Renewal is a central part of Gasum’s strategy, and the energy company is taking determined and responsible steps towards creating new opportunities.

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Customer stories

Fjord Line trusts in LNG

LNG brings significant environmental benefits for Norwegian shipping company Fjord Line.

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SSAB uses natural gas in the steel industry

Swedish steel specialist SSAB is making the energy system more sustainable with LNG.

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15.03.2019

Collaboration between Gasum and IKEA Finland expands – new gas filling stations to open in Raisio, Kuopio and Tampere

Gasum and IKEA Finland are stepping up their collaboration during 2019: Gasum will open a gas filling station in conjunction with the IKEA store in Raisio. In addition, the aim is to open stations at the Kuopio and Tampere stores later on this year. The gas filling stations already in operation in conjunction with IKEA stores in Lommila, Espoo, and Porttipuisto, Vantaa, have been very popular among consumers. Since their opening, the new stations have provided clean fuel to cover a distance of more than 4 million km driven and reduced CO2 emissions from transport by around 600 tonnes compared with gasoline.

In the future, consumers and businesses will be able to fuel their gas vehicles with environmentally friendly biogas in conjunction with the Raisio, Kuopio and Tampere IKEA stores. The objective of Gasum and IKEA Finland is to introduce new gas filling stations at the stores during 2019. The new gas filling stations are part of closer collaboration between Gasum and IKEA Finland where one of the aims is to expand access to low-emission road fuel gas.

”We want to support our customers in making more sustainable everyday choices. By utilizing the food waste generated at our restaurants we are able to offer our customers a responsible filling-up option at more and more IKEA stores. At the same time, while utilizing the minor amounts of food waste generated at IKEA restaurants, we will also continue to make efforts to reduce food wastage,” says Jessica Lehtinen, Sustainability Manager, IKEA Finland.

As part of collaboration between Gasum and IKEA Finland, food waste from IKEA stores is used as feedstock in biogas production. IKEA Finland also aims to gradually replace the vehicles used by personnel and the IKEA buses with vehicles running on biogas or another environmentally friendly fuel. This will promote low-emission transport solutions and the achievement of ambitious transport emission cut targets.

Great emission reductions thanks to gas filling stations

In 2018, two gas filling stations were opened in conjunction with IKEA stores in Finland: Lommila, Espoo, was the world’s first gas filling station introduced in conjunction with an IKEA store. After Espoo, a station was also opened at Porttipuisto, Vantaa.

In less than a year, the stations have become very popular among consumers and are some of the biggest-selling stations in the Helsinki Metropolitan Area in terms of volumes sold. Since their opening, the new stations have provided clean fuel to cover a distance more than 4 million km driven and reduced CO2 emissions from transport by around 600 tonnes compared with gasoline.

”We’re happy about our shared aim of introducing three new gas filling stations in conjunction with IKEA stores this year. The stations already opened in Espoo and Vantaa have been a great success and used actively by customers driving gas-fueled vehicles. The filling stations increase access to gas in new areas and further support the achievement of transport emission reduction targets,” says Markus Kaarlela, Development Manager, Traffic, Gasum.

Biogas is a 100% local and renewable transport fuel produced from biodegradable waste generated by homes, retail outlets and industry as well as from wastewater sludge and agricultural side streams. Using biogas to fuel road vehicles makes it possible to cut the greenhouse gas emissions generated over the fuel life cycle by up to 85% compared with fossil fuels.

The construction of the Raisio gas filling station begins during March and the station will be opened in June 2019. The aim is to also open filling stations in conjunction with the Kuopio and Tampere IKEA stores during the current year. The Kuopio and Tampere filling stations will also serve heavy-duty vehicles.

 

For more information please contact:
Markus Kaarlela, Development Manager, Traffic, Gasum
Phone: +358 400 386 065, firstname.surname(a)gasum.com

The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

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11.03.2019

Gasum Group Financial Statements bulletin 2018 – Gas use increased, positive outlook

KEY FINANCIAL INDICATORS JANUARY 1 TO DECEMBER 31, 2018

  • Revenue €1,177.4 million, up 27% year on year (2017: €925.0 million)
  • Sales of Natural Gas business €874.9 million (€678.7 million)
  • Sales of LNG business €252.0 million (€195.2 million)
  • Sales of Biogas business €48.7 million (€47.9 million)
  • Operating profit, €124.2 million (€114.2 million)

 

Key financial indicators

1,000 € 2018 2017 Change
Revenue 1,177,448 924,987 27.3%
Operating profit 124,169 114,170 8.8%
Operating profit (%) 10.5% 12.3%  
Equity ratio % 43.7% 41.6%  
Return on equity (%) 13.3% 13.7%  
Return on investment (%) 9.2% 9.1%  
Balance sheet total 1,526,550 1,421,201 7.4%
Net interest-bearing debt 562,715 585,872 -4.0%
Gearing ratio % 84.7% 99,2%  
Net debt/EBITDA 2.9 3.2  
Personnel at year-end 434 409 6.1%


Gasum Group CEO Johanna Lamminen comments on 2018:

”Gasum had a successful year in 2018 because of determined strategy implementation, operational efficiency and also improved safety.
Our Group’s financial performance improved in line with our expectations. Our revenue increased to €1,177.4 million in 2018, up 27% year on year (2017: €925.0 million). Our operating profit was €124.2 million, up 8.8% year on year (€114.2 million).

As a low-emission fuel, the role of gas will increase in the future, above all in maritime transport and heavy-duty road transport as action to curb climate change calls for a transition to cleaner solutions. Gas also offers industrial operators an excellent alternative in their efforts to achieve their emission targets.

In the coming years, we will invest strongly in the development of the Nordic gas market and infrastructure, helping the Nordic countries to reach the emission targets set. Demand for clean gas solutions is increasing strongly and the total sales volumes of gas are projected to grow, which will also ensure positive development in the company’s revenue and profitability.

Offering clean alternatives in transport is a strategic focus for Gasum. Last year we announced our plan to construct a network of 50 filling stations in Finland, Sweden and Norway to serve heavy-duty vehicles. The investment will multiply the size of the Nordic heavy-duty vehicle filling station network, enabling considerable transport emission cuts.

We took another important step to develop the Nordic gas market by acquiring the energy market services business of Enegia. The acquisition improves our opportunities to provide well-functioning energy solutions to an even broader spectrum of customers in the Nordic countries and that way strengthen our position in the energy market.

Thirdly, we increased our shareholding in our subsidiary Skangas from 70% to 100% in October 2018. This was part of the Gasum strategy with the development of the Nordic gas market and LNG infrastructure at its core. This also enables us to operate under a single strong brand throughout the Nordics.

In 2018 we made preparations for the opening up of the Finnish gas market effective from the beginning of 2020. We will continue this work and anticipate another strong year for Gasum in 2019.”

Read more Gasum Group Financial Statements bulletin 2018 >
 

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

The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. Gasum imports natural gas to Finland and promotes circular economy by processing waste and producing biogas and recycled nutrients in Finland and Sweden. The company offers energy for heat and power production, industry as well as road and maritime transport. Gasum is the leading supplier of biogas in the Nordic countries. The company has a gas filling stations network, that also serves heavy-duty vehicles. Gasum is also the leading liquefied natural gas (LNG) player in the Nordic market. The company continues to strengthen the position and infrastructure of LNG and supplies LNG to maritime transport, industry and heavy-duty vehicles in Finland, Sweden and Norway.

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08.03.2019

DB Schenker supports LNG use in its vehicles – Praise from transport companies for new gas-powered tractor units

Gasum’s collaboration with DB Schenker deepens as two Finnish transport companies operating for DB Schenker, Sepi Trans Oy and K&O Tiilikainen, started to use tractor units fueled by liquefied natural gas (LNG) in early 2019. LNG is an efficient way to reduce emissions from heavy-duty transport. Both companies are excited about their new gas-powered towing engines.

Finnish transport companies operating deliveries for DB Schenker have taken new LNG-powered tractor units into service during early 2019. DB Schenker is a global transport and logistics company whose choices play an important role in efforts to reduce the sector's emissions. The company intends to reduce 30% of its carbon dioxide emissions during the period between 2006 and 2020. The way to achieve the target is to use cleaner modes of transport, with one of these being LNG-powered tractor units.

”Transport and flows of goods are needed, but transport generates a great deal of carbon dioxide emissions. Liquefied natural gas is an effective way of reducing carbon dioxide emissions from heavy-duty transport. Our choice of fuel plays a very big role in our efforts to reach the climate target,” says Anni Lemola, Head of Operational Excellence, DB Schenker.

There are several factors supporting the growing role of gas use in Finnish heavy-duty road transport. The Nordic countries have made commitments to ambitious targets concerning reductions of emissions from road transport, and up to 90% of goods in the Nordic countries are transported by road. In Finland, delivery and heavy-duty transport account for almost 40% of road transport emissions. Up to a fifth of Finland’s emissions could be eliminated by switching to gas as a road vehicle fuel.

”Finnish transport emissions must be cut by 50% by 2030 from the 2005 level. Compared with other emissions-generating sectors, the contribution of the transport sector will have to be the greatest. There is also major interest in LNG among transport entrepreneurs – they want to be part of the change and lead the way. LNG is also a cheaper alternative for transport companies than other fuels such as diesel,” says Juha-Matti Koskinen, Sales Manager, Traffic, Gasum.

Both transport companies have been very happy with the LNG-powered newcomers in their fleets. The Vantaa-based Sepi Trans Oy got its first gas-fueled traction unit, a Volvo FH 460, in January 2019 and the Helsinki-based K&O Tiilikainen’s traction unit fleet was supplemented by another gas-fueled one, an Iveco Stralis NP, in December last year.

”We must respond to the global climate challenge and someone has to be brave enough to take the first steps. We like using the new Ivecos. These traction units are silent and smooth to operate. Handling gas is also cleaner than handling other fuels, which makes drivers’ work safer,” says Ossi Tiilikainen, Managing Director, K&O Tiilikainen.

The Finnish gas fueling station network is one of the fastest-growing ones in Europe. Both K&O Tiilikainen and Sepi Trans agree that the coverage of the filling station network is sufficient in their operating areas. Gasum is expanding its Nordic gas filling station network by several new stations a year. Goods transport between Southern and Northern Finland will be supported through the construction of new LNG filling stations in Northern Finland. For example, the LNG station at Äimärautio, Oulu, opens in May at Terminaalitie 1.

”We take the locations of gas filling stations into account when planning our routes. For example, when setting off into a night journey, it’s enough to fill up once. That takes you easily through the night and there’s no extra hassle for the driver,” says Seppo Palosaari, Managing Director, Sepi Trans Oy.

For more information please contact:

Juha-Matti Koskinen, Sales Manager, Traffic, Gasum Ltd
Phone: +358 40 768 7188, juha-matti.koskinen(a)gasum.com

The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

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