Skangas has released a statement claiming that the Swedish and Norwegian competition authorities have approved the acquisition of the Risavika LNG production plant. The acquisition will increase Skangas’ presence in the downstream LNG value chain, and will help strengthen the company’s position in both the North Sea and the Norwegian market.
The majority of Skangas’ distribution operations were acquired by Gasum from the Lyse Group in 2014. The transaction included the option to purchase the Risavika LNG plant.
The CEO of Gasum, Johanna Lamminen, said: “Under the tolling agreement signed in 2014, we have bought the full annual capacity of the Risavika LNG plant. The acquisition of the plant puts the final pieces in place in the overall acquisition of Skangas. This acquisition is part of our LNG business development and further strengthens our position as the leading LNG player in the Nordic market.”
Edited from press release by David Rowlands
Read the article online at: https://www.lngindustry.com/liquefaction/15042016/skangas-successfully-acquires-risavika-lng-plant-2295/