Gasum Consolidates Nordic LNG Market

The Liquefied Natural Gas (LNGLF) (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. Skangas, now being integrated into the Gasum Group, improves our capacity to build and develop the Nordic gas ecosystem and respond to the growing demand. The need for cleaner fuel solutions for industry and transport alike is increasing significantly, and LNG is the most competitive alternative among low-emission fuels. We will continue to provide our customers with as smooth access to services as before,” says Gasum CEO Johanna Lamminen.

There will be no changes to the Business ID codes or contact details. The new companies will be Gasum AS, Gasum LNG Production AS, Gasum LNG Oy, Gasum LNG AB, the two first companies in Norway, Finland and Sweden respectively.