Gasum

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Gasum
limited company (Oy)
Industry Oil and gas industry
Founded 1994 (1994)
Headquarters Espoo, Finland
Area served
 Finland
Key people
 Antero Jännes (CEO) and (Chairman of the Board)
Products Natural gas, Bio gas, LNG, Gas stoves, Heating system equipment
Services Natural gas transmission
Revenue €1.079 million (2014)
€5.1 million (2014)
Owner Finnish Government (75%)
Gazprom (25%)
Number of employees
 236 (2010)[1]
Subsidiaries Gasum Paikallisjakelu Oy
Gasum Energiapalvelut Oy
Gaasienergia AS
Kaasupörssi Oy
Website www.gasum.com

Gasum Oy is an integrated gas company located in Espoo, Finland. It is the transmission system operator of the natural gas grid of Finland, as also the natural gas importer and seller. Gasum is owned by the Finnish Government (75%) and Gazprom (25%).[2] The stake of the government will be split between the National Emergency Supply Agency (26.5%) and Gasonia (48.5%), a state owned company set up for the ownership arrangement.[3]

Gasum was established in 1994. The CEO and Chairman of the Board is Antero Jännes.

History

The first natural gas pipeline from the Soviet Union to Finland was opened in 1974.[4] From 1974 to 1994 Neste Oy was responsible for a gas business in Finland, also the import of natural gas, the transmission services and the wholesale of natural gas. Gasum was established in 1994 as a joint venture between Neste (75%) and Gazprom (25%).[5] After merger of Neste and Imatran Voima in 1998, the newly created company Fortum had to reduce its stake in the company to 25%. 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.[6] In 2015, Fortum and E.ON sold their stake to the Finnish government.[2]

Operations

Gasum's operates in the field of natural gas import, transmission, distribution and sale.[7] In addition, it produces and sales biogas.

In 2010 Gasum sold a total of 44.6 TWh of natural gas, which covered 10% of Finland's total demand for energy.

Gas transmission

Gasum owns 1,190 kilometres (740 mi) of gas transmission network in Finland. The transmission network is Gasum's largest asset and a major part of Gasum personnel, approximately 100 employees work in transmission maintenance duties. The natural gas volume of transmission pipeline is 261,000 cubic metres (9,200,000 cu ft).[8][9]

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.[10][11] In October 2015, Gasum abandoned the project due to commercial viability.[12] It was replaced in the project by the Finnish state-owned company Baltic Connector OY.[13]

LNG distribution

Gasum plans to build a LNG distribution terminal in Naantali, Finland. The terminal will supply LNG-fueled ships, firstly the Viking Line's new cruise ship to be built in Turku. The terminal will be completed in summer 2013.[14]

Filling stations

As of 2010, Gasum had 14 public NGV filling stations in Finland.[15]

Biogas production

In 2011, Gasum started biogas production by using anaerobic digestion.[16] Gasum is cooperating with energy company Helsingin Energia and forest industry company Metsä-Botnia for construction of a biorefinery for biogas production in Joutseno, Finland. The biorefinery would produce biogas from renewable wood raw material for transmission along the Gasum gas network to usage sites such as Helsinki Energy's Vuosaari power plant. This project is a continuation to the letter of intent signed by Gasum and Helsingin Energia in April 2011. If the plan will realised, a biorefinery of this scale could produce an annual total of biogas that is enough to cover the electricity and heat consumption of more than 50,000 homes.[citation needed]

According to the preliminary plan, Metsä-Botnia and its parent company Metsäliitto would be responsible for wood raw material procurement and biorefinery operation. The plan is to mainly produce biogas from forest chips and bark, both of which are available as by-products of pulp mill wood procurement. The production capacity of the planned refinery would be 200 MW.[17]

Gasum and the Kouvola energy company KSS Energia have signed a letter of intent to build a large-scale biogas facility in the Kouvola region. The facility would be fueled by locally produced field biomass. Biogas produced by the plant could be fed into the Gasum's gas transmission system and used as a traffic fuel.[clarification needed] The parties to the letter of intent are committed to studying among other things the technical operating concept of the facility, environmental impacts, potential location and economic feasibility. The Kouvola region is a good place to site this kind of facility producing biogas from energy crops. The region is naturally located with regards to the natural gas transmission system.[18]

Gallery
Gasum constructing natural gas line in winter in Finland. 
Gasum constructing natural gas pipe in Finland, near Kouvola. 
Gasum's natural gas pipe mark shown technical details, where the gas transmission network goes. 
Gasum's LNG truck. 

See also

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Gasum Annual Report, page 52
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Gasum Annual report 2010 (pdf), Gasum in Brief page 4
  8. ↑ Gasum Corporate Social Respobility Report 2010, picture: Finnish natural gas transmission network in Finland, page 14.
  9. ↑ Gasum maps illustrating the natural gas networks at the Finnish and Baltic levels 2011 and also the technical information about the transmission network.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Gasum Annual report 2010 (pdf), Gasum NGV filling staions in 2010
  16. ↑ Gasum biogas from the forests-proschure 2011
  17. ↑ Gasum press release 6 September 2011
  18. ↑ Gasum press release June 2011

External links

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