Finland gas company Gasum will acquire the majority (51%) of Norwegian Skangass’s distribution operations from the Lyse Corporation. The acquisition is a part of Gasum’s strategy of improving the availability of competitive liquefied natural gas (LNG) in Finland. The aim of the joint venture is to take a strong position in the growing Nordic LNG market. Skangass began its LNG operations in 2011. The company has developed LNG distribution markets in Norway and Sweden. Skangass has its own processing plant and supply chains for both maritime and industrial clients. The Skangass production plant in Risavika will remain in Lyse’s ownership, but a long term delivery contract regarding the use of the unit has been made with the new joint enterprise, Skangass A/S. Skangass’s Öra terminal in Norway, the Lysekil terminal still in construction and the planned Gävle terminal, both in Sweden, will be transferred to the new company. Skangass has charter parties with two tankers. After the acquisition the companies will have a total of 20 LNG tank trucks. Through the acquisition, Gasum’s LNG business unit, including the Porvoo production plant and the planned Turku /Pori terminal will become a part of the new joint enterprise
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