Gasum

Wärtsilä & Gasum Ink Pact for LNG Fuel

September 9, 2016 in biomethane, Companies, Industrial, LNG, Marine by Rich Piellisch  |  No Comments

Wärtsilä for Gas Supply, Gasum-Skangas for Sales & Distribution

Wärtsilä and Finland-based Gasum are publicizing “a joint cooperation agreement aimed at developing the use, distribution, and service solutions for natural gas in marine and onshore applications.” updated September 14

The natural gas market development agreement was signed in Helsinki on August 29 by Gasum CEO and Skangas board chair Johanna Lamminen and Wärtsilä president and CEO Jaakko Eskola.

The natural gas market development agreement was signed in Helsinki on August 29 by Gasum CEO and Skangas board chair Johanna Lamminen and Wärtsilä president and CEO Jaakko Eskola.

Wärtsilä will provide natural gas value chain technology know-how, while Gasum is to handle distribution and sales of natural gas and biogas/biomethane.

The companies’ work for liquefied natural gas marine applications “will also utilize the expertise of Gasum subsidiary Skangas, the leading LNG player in the Nordic market,” states a release.

Biogas Emphasized

In addition to LNG and/or LBG (liquefied biogas) and natural gas as a marine fuel, the joint initiative will cover smart power generation, and operations and maintenance.

Skangas provided fuel for Polaris, the Finnish Transport Agency’s new LNG-powered icebreaker, at Helsinki’s Vuosaari Harbour facility last week.

Skangas provided fuel for the Wärtsilä-powered Polaris, the Finnish Transport Agency’s new LNG-powered icebreaker, at Helsinki’s Vuosaari Harbour this past June (HHP Insight, June 24).

Also according to the announcement, “The work will focus on increasing sales through business development cooperation, and building an LNG infrastructure in places where gas is currently not available.

‘Cost-Effective & Efficient Operations & Maintenance’

“The companies will share know-how, contacts, marketing, and business development activities. They will also work together to develop cost-effective and efficient operation and maintenance activities.

“By improving the availability of LNG,” the release continues, “the present and future needs of both the shipping sector and industrial clients currently outside the natural gas grids will be served. At the same time, LNG utilization also allows for the use of LBG without additional investment since the same infrastructure can be used for both.”

Skangas has LNG terminals in Øra, Norway, and Lysekil, Sweden.

Finland's first LNG import terminal, the Gasum facility at Pori, north of Turku, opened on Monday, and deliveries have commenced.

Finland’s first LNG import terminal, the Gasum facility at Pori, north of Turku, opened on September 12, and deliveries have commenced.

Finland’s first LNG import terminal at Pori, opened on September 12, Gasum said. “The terminal enables LNG deliveries also to industrial, maritime and heavy-duty road transport customers outside the gas pipeline network and diversifies the Finnish energy market,” states a release.

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Wärtsilä Marine Solutions, VP Timo Koponen, +44-1202-662600; [email protected]

Skangas (Finland), Tommy Mattila, +358-40-58-19247; [email protected]; www.skangas.com

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Source: Wärtsilä with HHP Insight follow-up

Veder Orders LNG- Fueled LNG Carrier

July 1, 2015 in Companies, LNG, Marine, vessel order by Rich Piellisch  |  No Comments

Carrier for Gasum Will Operate on Cargo Boiloff Gas

Netherlands-based Anthony Veder has publicized a pact with Gasum for the long-term time charter of a new ICE Class 1A Super LNG carrier. The 18,000-cubic-meter vessel is to be built at German shipyard Neptun Werft and delivered during the last quarter of 2017.
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Finland’s Gasum Buys Skangass Stake

February 26, 2014 in Companies, LNG, Marine by Rich Piellisch  |  No Comments

Corporate Acquisition to Make Gasum the Largest Nordic LNG Operator,
Ferry-Supporting Skangass LNG Plant in Norway Will Remain with Lyse

Finland’s Gasum Oy confirms that it is buying a majority interest in Norway’s Skangass from Lyse Corp. A new joint venture, Skangass A/S, is to be “part of Gasum’s strategy of improving the availability of competitive liquefied natural gas in Finland.”

GasumSkangass“The aim of the joint venture is to take a strong position in the growing Nordic LNG market,” Gasum said. The “corporate acquisition makes Gasum largest Nordic LNG operator,” states the announcement.

“Improving the availability of LNG will serve not only marine traffic but also the increasing needs of industrial clients outside the natural gas grids and future needs of heavy duty traffic.

‘More Cost-Efficient LNG Sourcing’

“The acquisition enables the creation of sufficient market coverage and distribution infrastructure in the Nordic countries, giving Gasum the possibility to offer a much more competitive product for end users in the maritime, industry and heavy transport sectors,” Gasum executive VP Johanna Lamminen says in the Monday announcement.

The Skangass buy will add to delivery reliability of Gasum’s LNG offerings through new terminals and tankers, Gasum says, while enabling “fast development of gas infrastructure in the Nordic countries.

Gasum says that it has long term experience in the acquisition of natural gas and has been developing its LNG operations since 1996.

Skangass began its LNG operations in 2011, has developed LNG distribution markets in Norway and Sweden, has its own processing plant and supply chains for both maritime and industrial clients.

Finnish, Norwegian and Swedish Markets Joined

“Large, combined import quantities will result in more cost-efficient LNG sourcing and thus enhance the opening of new LNG terminals. The acquisition will join the Finnish, Norwegian and Swedish markets geographically, making the delivery of a competitive product possible in the entire area,” Gasum says. “The acquisition will improve the development of purchasing and delivery services, efficiency in the logistics chain and freighting, and raise overall storage capacity.”

The new Skangass is to have 20 LNG tank trucks.

The new Skangass is to have 20 LNG tank trucks.

Gasum’s existing LNG business unit, including a production plant at Porvoo and a planned Turku/Pori terminal, will become a part of the new joint enterprise.

The Skangass production plant in Risavika – which is supplying two new dedicated-LNG ferries operated by Fjord Line – “will remain in Lyse’s ownership, but a long term delivery contract regarding the use of the unit has been made with the new joint enterprise, Skangass A/S,” Gasum says.

Skangass’s Öra terminal in Norway, the Lysekil terminal still in construction and the planned Gävle terminal, both in Sweden, will be transferred to the new company. Skangass has charter agreements for two tankers, and after the acquisition the companies will have a total of 20 LNG tank trucks.

Tor Morten Osmundsen will continue as the CEO of the new Skangass, with Gasum’s Johanna Lamminen as the chair.

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Source: Gasum with HHP Insight follow-up

 

 

 

 

 



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