Gasum

The first natural gas pipeline from the Soviet Union to Finland was opened in 1974.{{cite news |title=Kekkonen runnoi maakaasun Suomeen | trans-title = Kekkonen supplies natural gas to Finland | first = Tuija | last = Käyhkö | work = Tekniikka & Talous | date = 15 January 2004 | url = https://www.tekniikkatalous.fi/uutiset/kekkonen-runnoi-maakaasun-suomeen/353894f8-7879-3454-8609-1bf0a9f3890b | access-date = 2019-08-28 | language = Finnish}} From 1974 to 1994, Neste Oy was responsible for the import, transmission services, and wholesale of natural gas in Finland. Gasum was established in 1994 as a joint venture between Neste (75%) and Gazprom (25%).{{Cite web |url=http://verkkojulkaisu.viivamedia.fi/data/gasumvuosikertomukset/1577/1577-lowres.pdf |title=Gasum Annual Report, page 52 |access-date=12 September 2011 |archive-url=https://web.archive.org/web/20110901051156/http://verkkojulkaisu.viivamedia.fi/data/gasumvuosikertomukset/1577/1577-lowres.pdf |archive-date=1 September 2011 |url-status=dead }}

After the merger of Neste and Imatran Voima in 1998, the newly created company Fortum had to reduce its stake in Gasum to 25%. As a result, the government of Finland (24%), E.ON (20%) and Finnish forest companies (6%) became new shareholders. In 2004, Fortum acquired the 6% stake from the forest companies.

{{cite press release

| url= http://europa.eu/rapid/press-release_IP-04-1425_en.htm

| title= Mergers: Commission decides to allow Fortum to increase its shareholding in Gasum in the Finnish energy sector

| publisher = European Commission

| date=2004-12-01

| access-date=2015-07-06}}

In 2015, Fortum and E.ON sold their stake to the Finnish government.

{{cite news

| url= http://uk.reuters.com/article/gasum-ma-finland-idAFWEA00GEX20141103

| archive-url= https://web.archive.org/web/20160307033555/http://uk.reuters.com/article/gasum-ma-finland-idAFWEA00GEX20141103

| url-status= dead

| archive-date= 7 March 2016

| title= Finland buys Gasum stakes from Fortum and E.ON

| first = Jussi | last = Rosendahl

| work = Reuters

| date=2015-03-19

| access-date=2015-07-06}}

In 2016, Gazprom sold its stake to the Finnish government which became the sole shareholder of the company.{{cite news | url = https://yle.fi/uutiset/osasto/news/finland_buys_out_russian_share_in_gas_firm_gasum/8538762 | title = Finland buys out Russian share in gas firm Gasum | work = Yle Uutiset | date = 2015-12-18 | access-date = 2018-12-21}}

In 2014, Gasum acquired 51% of Skangas from Lyse Energi and increased its ownership to 100% in 2018.{{cite news | url = https://www.lngworldnews.com/gasum-secures-full-ownership-of-skangas/ | title = Gasum secures full ownership of Skangas. | work = LNG World News | date = 2018-10-10 |access-date = 2018-10-22}} Skangas started their LNG business in 2011. In 2018, Gasum built Finland's first liquefied natural gas (LNG) terminal at the oil and chemical harbor of the port of Tahkoluoto in Pori.

Gasum expanded into the Swedish market in 2016 by acquiring Swedish Biogas International. After the deal, Gasum became the largest biogas producer in the Nordic countries. In April 2020, Gasum acquired Linde AG's LNG and biogas business in Sweden and Norway and Nauticor's marine bunkering business in Germany.{{cite press release| url = https://www.hellenicshippingnews.com/gasum-takes-steps-forward-in-its-growth-strategy-by-acquiring-agas-clean-energy-business-and-nauticors-marine-bunkering-business-from-linde-ag/ | title = Gasum takes steps forward in its growth strategy by acquiring AGA's Clean Energy business and Nauticor's Marine Bunkering business from Linde AG | publisher= Gasum | via = Hellenic Shipping News | date=2019-11-14 | access-date= 2021-05-20}} The LNG terminals in Nynäshamn in Sweden and the bunkering vessels Seagas and Kairos, were transferred to Gasum.

Gasum planned to build a subsea gas pipeline Balticconnector to connect Finland with the Estonian gas system and further with a gas storage in Latvia.

{{cite news|last=Torma|first=Sami|date=2007-05-31|title=Gasum proposes gas pipeline|work=Reuters|url=http://uk.reuters.com/article/gasum-pipeline-idUKL3131922620070531|archive-url=https://web.archive.org/web/20160305162019/http://uk.reuters.com/article/gasum-pipeline-idUKL3131922620070531|url-status=dead|archive-date=5 March 2016|access-date=2012-03-26}}

{{cite news|date=2007-05-31|title=Finns plan new subsea gas link|newspaper=Upstream Online|publisher=NHST Media Group|url=http://www.upstreamonline.com/incoming/article134489.ece|access-date=2007-10-13|id={{subscription required}}}}

In October 2015, Gasum abandoned the project due to commercial viability.

{{cite news|date=2015-10-06|title=Gasum Dumps Balticconnector Plan|work=Subsea World News|url=http://subseaworldnews.com/2015/10/06/gasum-dumps-balticconnector-plan/|access-date=2015-11-24}}

It was replaced in the project by the Finnish state-owned company Baltic Connector Oy.

{{cite news|date=2015-10-15|title=Elering with its Finnish partner submits grant application to EU Commission|newspaper=The Baltic Course|url=http://www.baltic-course.com/eng/energy/?doc=111686|access-date=2015-11-24}}

Before 2020, Gasum owned {{convert|1,190|km|mi|abbr=on}} of gas transmission network in Finland. According to the Natural Gas Market Act of Finland, gas transmission operations were unbundled to another state-owned company Gasgrid Finland Oy, as of 1 January 2020.

{{cite news|date=2017-12-26|title=Finland's Gasum will divest gas transmission ops by 2020, expand in LNG and biogas – Mr Haikarainen|work=SteelGuru|url=https://steelguru.com/gas-oil/finland-s-gasum-will-divest-gas-transmission-ops-by-2020-expand-in-lng-and-biogas-mr-haikarainen/498405|access-date=2019-08-28}}

Starting from 1 January 2020, its subsidiary, Kaasupörssi Oy, which operated Finland's gas exchange, was closed and all trading moved to the regional GET Baltic exchange.

{{cite news|date=2019-08-30|title=Finnish gas exchange to shut, trading moves to Baltic bourse from 2020|work=S&P Global Platts|url=https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/083019-finnish-gas-exchange-to-shut-trading-moves-to-baltic-bourse-from-2020|access-date=2020-01-02}}

In 2020, the company entered into partnership with Pavilion Energy, Singapore.{{cite web |title=Pavilion Energy and Gasum partner for LNG bunker supply |url=https://www.ship-technology.com/news/pavilion-energy-and-gasum-partner-for-lng-bunker-supply/ |website=Ship Technology}}

Gasum imports and sells natural gas, including liquefied natural gas (LNG). In 2011, Gasum started biogas production by using anaerobic digestion.{{Cite web |url=http://verkkojulkaisu.viivamedia.fi/data/gasumesitteet/1692/1692-lowres.pdf |title=Gasum biogas from the forests-proschure 2011 |access-date=20 May 2021 |archive-date=3 March 2016 |archive-url=https://web.archive.org/web/20160303233056/http://verkkojulkaisu.viivamedia.fi/data/gasumesitteet/1692/1692-lowres.pdf |url-status=dead }} Gasum owns biogas plants in Finland, Sweden and Denmark. The company produces fertilizer products and nutrients along with biogas.{{Citation needed|date=June 2021}}

Gasum offers LBG and LNG bunkering service in terminals located in Norway (Risavika, Øra), Sweden (Lysekil and Nynäshamn) and Finland (Pori and Tornio). In addition to the Nordic countries, it provides bunkering services in the Antwerp, Rotterdam and Amsterdam region, in Germany, and in partnership with Pavilion Energy in Singapore. Despite the ongoing war in Ukraine, Gasom decided to continue purchasing gas from Russia.{{Citation needed|date=June 2021}}

Gasum has around 100 gas filling stations in the Nordic countries.{{cite web| url =https://www.gasum.com/en/sustainable-transport/road-transport/Gas-filling-stations/ | title = Gasum gas filling stations in Nordic | publisher= Gasum webinformation| date=2020-11-12}}

Gasum offers energy market expert services. It is also a member of the Nordic power exchange of Nasdaq OMX.{{cite press release

| url= https://www.gasum.com/en/About-gasum/for-the-media/News/2020/gasums-role-as-nordic-energy-company-strengthened-by-nasdaq-nordic-commodities-membership/?q=nasdaq

| title= Gasum's role as Nordic energy company strengthened by Nasdaq Nordic Commodities membership

| publisher =

| date=2020-02-10

| access-date=2021-05-18}}

Since 2022, the chief executive officer is Mika Viljanen and the chair of the board is Sirpa-Helena Sormunen since 2024.{{cite web |date=2024-03-26 |title=Gasum management |url=https://www.gasum.com/en/gasum/about-gasum/management/ |publisher=Gasum}}

Gasum is involved in several international organizations, such as Eurogas, European Network of Transmission System Operators for Gas (ENTSOG), Gas Infrastructure Europe (GIE), International Gas Union (IGU), European Gas Research Group (GERG) and the European Pipeline Research Group (EPRG).{{Citation needed|date=June 2021}}

File:Liquid natural gas, land transportation, Finland.jpg|Gasum can deliver LNG and LBG by truck to maritime vessels, industry or gas filling station.

File:Gas refueling station Ruskeasuo.JPG|Gas filling station in Ruskeasuo, Helsinki.

File:Gasum LNG Carrier To Pori LNG terminal.jpg | Gasum delivers LNG with carriers to terminals located in Finland, Sweden and Norway.

{{Portal|Finland|Energy}}

• Energy in Finland

{{Reflist}}

• {{Official website|http://www.gasum.com/}}

{{Finnish government enterprises}}

Category:Natural gas companies of Finland

Category:Companies established in 1994

Category:Companies based in Espoo