Gasum News

Finnish state-owned energy company Gasum has been selected by shipping company Wasaline to manage its EU Allowances (EUA) portfolio.The partnership will enable Wasaline to better predict and manage the costs of its emissions allowances, according to the company.The EU emissions trading system has included the maritime sector since the beginning of this year.Outsourcing their emissions trading and EUA portfolio allows shipping companies to both manage and predict their costs.Gasum…

A tanker carrying liquefied natural gas (LNG) docked at Finland's Inkoo terminal on Sunday and has begun unloading, energy company Gasum said on Monday, the second cargo to arrive since the damage last month to a Finnish-Estonian pipeline.The Arctic Princess, carrying natural gas from the Arctic Hammerfest LNG plant, had been expected to arrive at Inkoo during the weekend, shipping data showed on Friday.The delivery amounted to about 400 gigawatt hours of energy, Gasum said."In addition to this delivery, Gasum has reserved three more slots at the Inkoo FSRU for the upcoming winter season.

A tanker carrying liquefied natural gas (LNG) arrived at Finland's Inkoo terminal on Tuesday, vessel tracking data showed, the first such cargo to appear following the Oct. 8 outage of a Finnish-Estonian gas pipeline.The Maran Gas Vergina, carrying U.S. natural gas, docked next to the Exemplar floating storage and regasification unit (FSRU), which was installed late last year to facilitate LNG imports and thus boost Finland's energy security.The cargo belongs to Finnish gas supplier Gasum…

Finnish shipping company Wasaline announced it has started operating with certified biogas one day a week from October 13, in preparation for the EU emissions trading system that will come into force next year.The company, which operates the route connecting Vaasa, Finland and Umeå, Sweden, said it will use certified biogas aboard its ro-pax vessel Aurora Botnia for all Friday departures through December 22 as part of its “Green Fridays” pilot project.Biogas is more expensive than liquefied natural gas (LNG)…

Singapore's Pavilion Energy and China's CNOOC Gas and Power Group completed their first liquefied natural gas (LNG) ship-to-ship bunker operation for a very large crude carrier (VLCC) at China's Guangzhou port, the companies said on Thursday.A total of 2,800 metric tons of LNG was delivered from CNOOC's LNG bunker vessel Hai Yang Shi You 301 to the VLCC Maran Dione, owned by Angelicoussis Group's Maran Tankers Management (MTM), the companies said in a joint statement.The bunker operation came after Pavilion Energy…

Viking Line has started to offer passengers on its Turku-Åland-Stockholm route the option of purchasing renewable biofuel in proportion to the amount of fuel used for their journey.Starting June 21, Viking Line’s passengers on the Turku-Åland-Stockholm route can purchase biogas in proportion to the amount of fuel used for their journey. On a cruise between Turku and Stockholm, the additional price is less than 5 euros. At that price, passengers reduce their carbon footprint by up to 90% compared to a trip where LNG is used.European biogas…

Gasum and the Cruise Division of MSC Group have signed a long-term agreement for the supply of LNG to the new flagship MSC Cruises vessel MSC Euribia.The companies have also signed a Letter of Intent with the goal of cooperating on the supply of synthetic e-LNG made with renewable energy as part of MSC Cruise Division’s strategy to achieve net zero greenhouse gas emissions from its marine operations by 2050.MSC Euribia recently sailed the cruise industry’s first net zero greenhouse gas emissions voyage.

Greenpeace said it prevented on Thursday a tanker from unloading Russian liquefied natural gas (LNG) at Finnish state-owned Gasum's terminal in Nynashamn on Sweden's east coast.The environmental campaigning network in a statement called on the Swedish government to immediately stop the import of Russian fossil LNG.It said a Greenpeace vessel and activists in kayaks outside the loading dock had prevented the LNG tanker Coral Energy from docking, while other activists had climbed into the cranes used to unload the gas."The fact Russian fossil gas is still allowed to flow into Sweden…

Gasum is searching for a new CEO to replace Johanna Lamminen, who has resigned. The company's board of directors has appointed Kai Laitinen, Gasum's current CFO, as interim CEO until a successor is in place.“Together with the entire staff, we have traveled an amazing journey. We have built a Nordic energy company that provides clean energy to industry, shipping and transport, not to forget the biogas market and the circular economy. The company has a clear goal. The work is done…

The Finnish Border Guard is testing bio liquefied natural gas (LNG) as fuel for a coastguard patrol vessel in an effort to lower greenhouse gas (GHG) emissions, thereby lessening the impact on global warming.The 96 meter long vessel Turva is fitted with Wärtsilä dual-fuel engines and has been supported with a Wärtsilä maintenance agreement since its launch in 2014. The Bio LNG fuel is supplied by Gasum, a Finnish state-owned biogas refiner. Bio LNG is a 100%  renewable fuel that can reduce CO2 emissions over its lifecycle by up to 90% compared to conventional fuel.

Finnish utility Gasum has signed an agreement with Norwegian energy giant Equinor for the delivery of liquefied natural gas (LNG) to the latter’s crude shuttle tankers.The Nordic energy company said in a press release that the supply will commence when the shuttle tankers start operating during 2020.The LNG bunkering deliveries will mainly take place off Skagen, the most northern part of Denmark, and at Mongstad, close to Bergen, Norway. Gasum will utilize its Coralius LNG bunker vessel to perform this service.“We’re happy to support Equinor in its ambition towards cleaner shipping,” says Kimmo Rahkamo, Vice President at Gasum.“Last week we celebrated the 200th ship-to-ship LNG bunkering performed by Coralius.

The Nordic energy company Gasum said its LNG bunkering vessel Coralius has successfully performed its 200th ship-to-ship LNG bunkering operation.The vessel receiving the LNG fuel was Fjord Line’s MS Stavangerfjord. The bunkering took place while Stavangerfjord underwent periodical maintenance at the Fayard yard in Odense, Denmark.“We normally supply LNG to Stavangerfjord by a loading arm on a regular basis directly from our LNG plant in Risavika,” said Gunnar Helmen, Sales Manager at Gasum.“It’s great to get this opportunity to supply the cruise ferry with LNG in dock in Denmark. Having been fueled with fresh LNG, Stavangerfjord will return to her regular Stavanger-Bergen-Hirtshals route.

The Nordic energy company Gasum said that its liquefied natural gas (LNG) bunker vessel Coralius conducted first ever ship-to-ship (STS) bunkering to a cruise ship - Carnival Corporation's cruise vessel Costa Smeralda.During the bunkering operation, LNG was supplied to the newbuild Costa Smeralda at the Meyer Turku shipyard. Costa Smeralda is the first cruise ship in a series of newbuilds at Meyer Turku that will be fitted with LNG propulsion.LNG is the cleanest available marine fuel, and it’s rapidly becoming the most commonly used alternative to traditional fuels.The use of LNG significantly improves local air quality as well as reducing greenhouse gas emissions by at least 20%…

Finland-based integrated gas company Gasum takes steps forward in its growth strategy by acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG."These acquisitions will enhance the development of the Nordic gas market and create a platform for Gasum to provide a broader offering to meet the increasing demand for low-emission energy solutions from customers in industry, maritime and road transport," said a press note.The transaction will improve access to competitive natural gas and biogas, multiply the available LNG logistics capacity and expand Gasum’s Nordic gas filling station network.Gasum is acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from their current owner, Linde AG.

Global small-scale LNG market is expected to rise from its initial estimated value of USD 29.31 billion in 2018 to an estimated value of USD 49.66 billion by 2026, registering a CAGR of 6.81% in the forecast period of 2019-2026.Increasing demand for the LNG is the major factor for the growth of this market, said Data Bridge Market Research.The small scale LNG is especially used for the places where there is less production of LNG and they also don’t require large plants. They usually use tanker, ships and trucks.These small LNG has production capacity of 500000 TPY and are usually used where there is requirement of LNG by the consumers.

Finnish integrated gas company Gasum said that its liquefied natural gas (LNG) bunker vessel, Coralius, made its first bunkering in the port and refining area of Rotterdam, supplying LNG to Bit Viking."A milestone of her ship-to-ship bunkering history is reached when proving her availability in the ARA (Amsterdam-Rotterdam-Antwerp area)," said a press release from the Espoo-headquartered energy company.“It’s time to celebrate,” says Kimmo Rahkamo, Vice President, natural gas and LNG, Gasum. “Finally, being able to bunker our clients in the ARA area increases LNG availability and security for the LNG fueled fleet. The amount of LNG driven vessels is growing rapidly globally…

Finland's 110 million-euro ($124.5 million) Manga liquefied natural gas import terminal has fully opened after a year-long delay to the project, engineering firm Wartsila and part-owner Gasum said on Tuesday.Manga, the largest LNG terminal in the Nordic region with storage capacity of 50,000 cubic metres, began receiving some shipments in November 2017, but is only now ready for full commercial operations after an additional year of tests.A Wartsila executive told Reuters the testing period had been prolonged due to some adjustments that the facility needed…

The global Liquefied Natural Gas (LNG) as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%. The bunker fuel market revenue value is exprected to reach US$ 1,263.2 million in 2026.According to a market research report, based on the region the market is segmented into US, Europe, China, India, Japan, and Southeast Asia. Europe market is expected to dominate the global LNG as a bunker fuel market, and it accounts for largest market revenue over US$ 260 mn in 2017 as compared to that of markets in other regions.Dominance by Europe market is expected to continue over the forecast period with comparatively higher CAGR than that of other regions…

The Annual General Meeting of Gasum Ltd elected Torbjörn Holmström as a new member to the Board of Directors.The new member of the Board, Torbjörn Holmström (b. 1955, M.Sc Mechanical Engineering) has over 30 years' experience in the Swedish commercial vehicle industry, a press note from the integrated gas company located in Espoo, Finland said.Holmström is Senior Advisor of Volvo Group, Research & Technology since 2017 and before that he has held several high-level executive positions, including CTO, within Volvo Group which he has been with since 1979.The Board's current members Juha Rantanen, Stein Dale, Elina Engman, Päivi Pesola, Elisabet Salander Björklund and Jarmo Väisänen were re-elected.Juha Rantanen was re-elected as the Chairman of the Board of Directors.

Nordic energy company Gasum said that its liquefied natural gas (LNG) bunker vessel, Coralius, made its 100th bunkering on February21. Coralius is operating on behalf of Gasum (former Skangas) and the vessel mainly operates in the North Sea and the Skagerrak area.The LNG bunker vessel Coralius celebrated a milestone at the end of February, as she completed her 100th bunkering operation in just 18 months. Coralius delivers LNG through ship-to-ship bunkering at sea and in port. This has significantly increased Gasum’s flexibility and responsiveness to vessels that require LNG but are unable to visit a terminal or a port. By making LNG more accessible to vessels…

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, said a press release from Nordic gas company Gasum.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…

The global LNG as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%.The first five-year cumulative revenue (2017-2021) is projected to be USD 3.4 bn which is expected to increase significantly over the latter part of the five-year forecast period, said a research report by Marketresearch.LNG ships is expected to be the major application segment in the global LNG as a bunker fuel market. LNG fueled ships emit zero sulphur oxide emissions along with decline in carbon dioxide gas release by 25%, these are primary factors promoting the use of LNG as fuel in marine transport."LNG is used as a marine fuel and it offers various advantages for the ships. LNG as ship fuel will reduce sulphur oxide (SOx) emissions by 90% - 95%.

The Liquefied Natural Gas (LNG) company Skangas is renamed Gasum (See MarineLink report ). The Scandinavian distributor and producer of small-scale LNG claimed that the name change will strengthen the Gasum brand in the Nordic countries and the position of Gasum as the leading provider of LNG in the region. Gasum operates under one strong brand in the Nordic countries.The energy company Gasum increased its shareholding in Skangas from 70% to 100% in October 2018. The acquisition is part of the Gasum strategy, a core element of which is to develop the Nordic gas market and LNG infrastructure.“We want to lead the way and take the Nordic countries towards a cleaner tomorrow under one strong brand.