Image credit: Skangas

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LNG bunker supplier Skangas is being rebranded as Gasum. It follows last month's move by Gasum to increase its shareholding in Skangas from 70 percent to 100 percent, with Lyse Group - which had a 30 percent stake in the firm - divesting its ownership in the business.

As a result, Skangas AS is being renamed Gasum AS; Skangas Ltd will become Gasum LNG Oy; Skangas AB is being rebranded as Gasum LNG AB; and Skangas LNG Production AS will operate as Gasum LNG Production AS.

The name changes are due to be completed in Finland, Norway and Sweden by December 3 at the latest, Gasum said.

As a bunker supplier to the shipping industry, Skangas says it performed 1,000 LNG bunker deliveries last year. The company operates the 5,800-cubic-metre-capacity Coralius - on a long-term charter from owners Anthony Veder and Sirius Shipping - to perform LNG fuel supplies in the North Sea, the Skagerak area and the Baltic Sea. Delivered in September 2017, it is the first LNG bunker vessel to be built in Europe.

Skangas's LNG business consists of the purchase of feed gas, LNG liquefaction, and the distribution of LNG to customer facilities where LNG is re-gasified to natural gas or delivered as fuel to end users.

The company has a liquefaction plant in Risavika, Norway, in addition to owning and operating LNG terminals in Ora (Norway), 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, this year. When launched, it will be the biggest LNG import terminal in the Nordics.

Skangas operates the Coral Energy, which is the world's first direct-driven, dual-fuel, ice-class 1A LNG carrier. It also charters the 164-metre-long Coral EnergICE from Anthony Veder for the transport of LNG to the Pori and Tornio terminals.

Gasum acquired a majority shareholding of 51 percent in Skangas in 2014, and last year increased its stake in the firm to 70 percent.

Gasum is owned by the Finnish state after Gazprom's 25 percent stake in the business was acquired in December 2015. Its head office is in Espoo, Finland.