Finnish natural gas company Gasum, an LNG supplier and infrastructure operator in Finland, Sweden and Norway reported lower profits and volumes ahead of the opening up of Finland’s gas market in 2020.
Gasum, the natural gas company of Finland, posted annual pre-tax profits little changed from the previous year even as the value of liquefied natural gas sales increased by 29 percent because of higher oil prices.
Gasum, the natural gas network owner in Finland and an LNG distributor and regasification terminal operator through its subsidiary Skangas, has sold its technical unit to the Finnish Viafin Service Group.
Skangas, one of the most prominent participants in the Nordic LNG market, has signed up a paper mill as its newest customer as it builds its industrial, shipping and heavy-duty road transport supply portfolio.