LNG

Feb 8 (LNGJ) - Gasum, the natural gas company in Finland and controller of Nordic LNG company Skangas, posted an annual revenue drop in 2016 to 843 million euros (US$900 million) as its LNG sales rose. Gasum’s overall revenues were down from the 915M euros recorded in 2015 as profits declined to 98.18 million euros from 101.07M euros in 2015. Sales of conventional natural gas declined while biogas sales were higher. “Our Nordic position as a significant player in liquefied natural gas was strengthened as the Risavika LNG production plant (Norway) was acquired by our subsidiary Skangas,” said Chief Executive Johanna Lamminen. “In addition to this, we diversified the Finnish energy market with LNG as Finland’s first LNG import terminal was opened in Pori in August 2016,” the CEO added.