BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





Gasum ups stake in LNG bunker supplier Skangas to 70%

23 Jun 2017 08:29 GMT

Gasum strengthens its position in the Nordic LNG market.



Gasum has announced that it is increasing its shareholding in LNG bunker supplier Skangas from 51 percent to 70 percent.

Lyse Group, which had a 49 percent stake in the firm, is decreasing its ownership to 30 percent.

Commenting on the news, Gasum said: "The increase in shareholding will strengthen Gasum's position as the leading LNG provider and developer of the Nordic gas ecosystem.

"Developing the Nordic gas ecosystem is a key element of Gasum's strategy, and LNG in particular will play an increasingly important role in the Nordic gas market in the future."

Gasum acquired a majority shareholding of 51 percent in Skangas in 2014, and the company says the increase in ownership will "provide Gasum with new capacities for the development of the Nordic LNG market".

"The significance of LNG in the Baltic Sea and the Nordic countries is increasing rapidly, and Gasum wants to lead the way in this growth. This increase in shareholding will make us even better positioned to respond to the growing demand for LNG and that way build a bridge to a carbon-neutral society together with our partners," remarked Gasum CEO Johanna Lamminen.

Skangas supplies LNG as fuel in shipping and heavy-duty road transport, and in industrial processes outside the gas network. The company's LNG portfolio consists of the purchase of feed gas, LNG liquefaction, and distribution of LNG by trucks and ships through receiving terminals, to customer facilities where LNG is regasified to natural gas or delivered as fuel to end users.

Skangas has a liquefaction plant in Risavika, Norway, in addition to owning and operating LNG terminals in Ora (Norwa), Lysekil (Sweden), and Pori (Finland). Skangas is also a shareholder of the Manga LNG joint venture, which is due to open a new terminal in Tornio, Finland, in 2018.

The company operates the Coral Energy, which is the world's first direct-driven, dual-fuel, ice-class 1A LNG carrier.

The other vessel operated by Skangas, the Coralius, is the first LNG bunker vessel to be built in Europe and was recently christened in a ceremony held on May 22. It is due to perform ship-to-ship LNG bunker deliveries in the North Sea, the Skagerak area and the Baltic Sea.

Image: The Coralius is the first LNG bunker vessel to be built in Europe.




Related Links:

Skangas wins government tender to supply LNG bunkers
World's first LNG-fuelled icebreaker bunkered in Pori
Gas-fuelled Coral Energy is first small-scale LNG tanker to load in Klaipeda
Skangas in agreement to supply LNG fuel to Statoil ships
First LNG bunker delivery performed at new Pori terminal
Norway

Latest News:

Second large LNG-powered bulker launched for ESL Shipping
MHI targets development of gas-fuelled ships
Wartsila in maintenance deal for eight LNGCs running on dual-fuel engines
Kandla invites bids to provide shore power to ships: source
Brent dropped as traders apparently went for profit-taking
Oil and fuel oil hedging market update
Peninsula Petroleum to launch bunker supply operation in LA/Long Beach
Europe's first LNG bunkering pontoon enters construction phase
Clean Marine secures EGCS contract for seven chemical tankers
EIA inventory stats showing same tendency as API, but with less magnitude
Oil and fuel oil hedging market update
NCL completes scrubber retrofits for two cruise ships




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
Directory
Africa
Asia
Central America
Middle East
North America
North Europe
Oceania
South America
South Europe
Directory
Germany
Gibraltar
Greece
Hong Kong
Italy
Japan
Netherlands
Panama
Russia
Singapore
South Africa
South Korea
Spain
Turkey
United Arab Emirates
United Kingdom
United States
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Events
Upcoming Events