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Gasum increases shareholding in Skangas

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LNG Industry,

Gasum Ltd has announced that it is increasing its shareholding in Skangas to 70%.

Gasum claims that its increased shareholding will strengthen its position as an LNG provider and developer of the Nordic gas ecosystem. The Norwegian Lyse Group will continue to be a Skangas shareholder, holding a 30% stake in the company.

Johanna Lamminen, the CEO of Gasum, said: “The significance of LNG in the Baltic Sea and the Nordic countries is increasing rapidly, and Gasum wants to lead the way in this growth. This increase in shareholding will make us even better positioned to respond to the growing demand for LNG and that way build a bridge to a carbon-neutral society together with our partners.”

“The increase in shareholding is a clear and natural step towards that was already agreed upon in conjunction with the original transaction. The continuously expanding Nordic gas ecosystem is proof of the growing importance of LNG in Finland, Sweden as well as Norway. Gasum is now even more strongly positioned for its further development.”

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