Wärtsilä and Gasum cooperation aims at developing LNG markets
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 29 August 2016 at 12.30 pm EET
Wärtsilä and Finland based Gasum have signed a joint cooperation agreement aimed
at developing the use, distribution, and service solutions for natural gas in
marine and onshore applications. The agreement was signed in Helsinki today, 29
August 2016. Wärtsilä provides the gas value chain technology know-how, while
Gasum has the expertise in distributing and selling natural gas and biogas. The
development work regarding liquefied natural gas (LNG) for marine applications
will also utilize the expertise of Gasum subsidiary Skangas, the leading LNG
player in the Nordic market.
Natural gas fuel is increasingly being used for marine engines and in power
plant generators, primarily for reasons of environmental compliance. Exhaust
emissions from gas fuelled engines are notably lower than from diesel and coal-
fired prime movers.
The project will be divided into work streams, covering areas such as Smart
Power Generation, LNG and liquefied biogas (LBG), gas as a marine fuel,
operations & maintenance, and biogas. The work will focus on increasing sales
through business development cooperation, and building an LNG infrastructure in
places where gas is currently not available. The companies will share know-how,
contacts, marketing, and business development activities. They will also work
together to develop cost-effective and efficient operation and maintenance
activities. The development of liquefied biogas (LBG) markets is another
important objective of the cooperation.
By improving the availability of LNG, the present and future needs of both the
shipping sector and industrial clients currently outside the natural gas grids
will be served. At the same time, LNG utilisation also allows for the use of LBG
without additional investment since the same infrastructure can be used for
both.
"Wärtsilä has taken a leading position in both the energy and shipping markets
as a developer of advanced technology solutions that enable the practical and
efficient use of natural gas fuel. This agreement with Gasum will help speed the
transition to gas fuel and advance environmental sustainability," says Wärtsilä
President and CEO, Jaakko Eskola.
"I'm very pleased with the joint co-operation agreement as we're able to improve
access to natural gas solutions as efficient and clean energy alternatives in
the marine and land markets," says Gasum CEO and Chair of the Skangas Board of
Directors, Johanna Lamminen.
Photos from the signing ceremony
Image of Wärtsilä LNG Gas Value Chain
Media contacts:
Mr Timo Koponen
Vice President, Flow & Gas Solutions
Wärtsilä Marine Solutions
Tel: +44 1202 662600
timo.koponen(at)wartsila.com
Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Marine Solutions
Wärtsilä Corporation
Tel: +358 10 709 1439
marit.holmlund-sund(at)wartsila.com
Wärtsilä in brief:
Wärtsilä is a global leader in advanced technologies and complete lifecycle
solutions for the marine and energy markets. By emphasising sustainable
innovation and total efficiency, Wärtsilä maximises the environmental and
economic performance of the vessels and power plants of its customers.
In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800
employees. The company has operations in over 200 locations in more than 70
countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
Gasum in brief:
The energy company Gasum is a Finnish gas sector (natural gas and biogas) expert
that is building a bridge to a carbon-neutral society on land and at sea. Gasum
contributes to the creation of a sustainable energy economy by increasing the
supply of Finnish biogas, developing the Nordic gas ecosystem and ensuring the
price competitiveness of gas. Gasum imports natural gas to Finland, upgrades
biogas and transmits and delivers these for a broad range of uses in energy
production, industry, homes, and land and maritime transport. Gasum is the
leading supplier of biogas in Finland. It injects biogas into the gas network
from Espoo, Kouvola and Lahti, and from 2016 onwards also from Riihimäki. The
Gasum subsidiary Skangas is a Nordic expert in liquefied natural gas (LNG) that
will continue to strengthen the position and infrastructure of LNG and the
utilization of new gas solutions more extensively in Finland, Sweden and Norway.
Skangas has LNG terminals in Øra, Norway, and Lysekil, Sweden. Finland's first
LNG import terminal will be completed in Pori in 2016. The Gasum Group has
around 300 employees in Finland, Norway and Sweden. The company's revenue
totaled ?915 million in 2015. 'CLEANLY WITH NATURAL ENERGY GASES' -
www.gasum.com
The LNG company Skangas is the leading player in the Nordic LNG market. The
company supplies LNG for shipping, industrial and heavy road transport needs. We
help our customers reach their environmental and operational targets by offering
efficient and stable LNG deliveries. Skangas is a subsidiary of the Finnish
natural energy gas expert Gasum Ltd, and its shareholders are Gasum Ltd (51%)
and the Norwegian Lyse Energi AS (49%). www.skangas.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 29.08.2016 - 11:30 Uhr
Sprache: Deutsch
News-ID 491453
Anzahl Zeichen: 6175
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 266 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Wärtsilä and Gasum cooperation aims at developing LNG markets"
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Wärtsilä Oyj Abp (Nachricht senden)
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