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Gasum completes acquisition of LNG, biogas, marine bunkering businesses in Nordic region

The acquisition of Linde AG’s LNG and biogas business and Nauticor’s marine bunkering strengthens capacity to offer gas solutions for transport in the Nordics, it says.
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Wartsila Kairos

Swedish bunker supplier Gasum on Thursday (30 April) said it has closed the acquisition of Linde AG’s liquefied natural gas (LNG) and biogas business in Sweden and Norway, and Nauticor’s marine bunkering business in Germany. 

The acquisition is an integral part of Gasum’s strategy execution to accelerate growth for cleaner transport solutions across the Nordics, it said. 

Along with the acquisition, the company notes it further strengthens its capacity to offer a broad range of gas solutions for various customer segments in multiple locations.

In the transaction, Gasum acquired Linde’s LNG and biogas business and Nauticor’s marine bunkering business, and around a total of 35 employees, a customer base and several assets. The businesses generate annual revenues of more than EUR 100 million.

The transaction strengthens Gasum’s strategy by developing the Nordic gas market and creating a platform for a broader offering to its customers in the maritime, industry and road transport segments. 

The acquisition also accelerates Gasum’s growth strategy for cleaner transport solutions in the Nordic heavy-duty vehicle market.

”We are very pleased about this transaction which is an important step for Gasum when building the Nordic gas ecosystem and responding to  increasing customer demand for low-emission energy solutions,”says Gasum CEO Johanna Lamminen.

“The acquisition is part of our strategy execution and further strengthens the company’s capacity to offer gas solutions for various customer segments in multiple locations. 

“The acquisition enables Gasum to supply and to ensure the availability of a competitive, low-emission form of energy to meet the demands of industrial, maritime and road transport customers in the Nordic countries.” 

“We are certain that Gasum will be a strong owner that will successfully develop the cleaner energy and maritime bunkering businesses further,” says Jan Ellringmann, Business President, Linde Region Europe North.

In the transaction, several assets were transferred to Gasum:

  • LNG terminals in Sweden and in Norway
  • Bunkering vessel Seagas 
  • Bunkering vessel Kairos
  • 48 gas filling stations in Sweden and Norway

Related: Gasum to acquire LNG marine bunkering business from Linde


Photo credit: Wärtsilä
Published: 5 May, 2020

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Biofuel

China: Chimbusco completes first bonded B24 bunkering operation in Shenzhen

Chimbusco Marine Bunker (Shenzhen) completed the operation after supplying 1,300 mt of B24 marine biofuel oil for “Xin Chi Wan” vessel, at Shekou Container Terminal.
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China: Chimbusco completes first bonded B24 bunkering operation in Shenzhen

Zhuhai Chimbusco Petroleum Co Ltd (Chimbusco Zhuhai), a subsidiary of China Marine Bunker (PetroChina) (Chimbusco), on Monday (6 July) said the company completed its first bunkering operation since receiving its local licence in Shenzhen. 

Chimbusco Marine Bunker (Shenzhen) completed the operation after supplying 1,300 metric tonnes (mt) of B24 marine biofuel oil for the Xin Chi Wan vessel, owned by COSCO Shipping Group, at the Shekou Container Terminal in Shenzhen.

The operation adopted the “cross-customs direct supply bunkering” model with the cooperation of Shenzhen and Gongbei Customs and maritime authorities.

Looking ahead, Chimbusco Marine Bunker (Shenzhen) said it will build on its local licensing and policy advantages to expand its bonded marine fuel bunkering business in Shenzhen.

The company plans to optimise its bunkering processes and improve service quality to help strengthen the city’s bonded marine fuel supply capabilities while supporting the shipping industry’s green transition.

 

Photo credit: Zhuhai Chimbusco Petroleum
Published: 8 July, 2026

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Sanctions

US reinstates Iran oil sanctions, orders wind-down by 17 July

US has revoked a licence permitting the purchase of Iranian crude oil, petrochemical products and petroleum products, with the restrictions taking effect immediately.
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July 8, 2026

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The US Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday (7 July) revoked a licence that had temporarily authorised transactions involving crude oil, petrochemical products and petroleum products of Iranian origin.

Under the new licence, the purchase of Iranian crude oil, petrochemical products and petroleum products is prohibited with immediate effect.

The latest licence replaces an authorisation issued on 22 June, which had been scheduled to remain in force until 21 August. The previous authorisation permitted the bunkering of vessels engaged in the approved transactions.

Parties that entered into contracts for Iranian oil during the period in which the authorisation was in effect have until 17 July to wind down Iran-related transactions.

 

Photo credit: Zbynek Burival on Unsplash
Published: 8 July, 2026

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Legal

Russian court orders marine fuel supplier Transbunker assets transferred to state

A Moscow court has reportedly ordered the transfer of assets belonging to Russian marine fuel supplier Transbunker to state ownership.
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July 8, 2026

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A Moscow court has reportedly ordered the transfer of assets belonging to Russian marine fuel supplier Transbunker to state ownership.

This comes following a lawsuit alleging the company was illegally controlled through offshore corporate structures, according to The Moscow Times. 

The ruling grants the Russian Prosecutor General’s Office’s claims in full and takes immediate effect. Prosecutors argued that Transbunker, one of Russia’s largest marine fuel suppliers, was subject to restrictions on foreign ownership because the companies within the group qualify as strategic enterprises. 

The case targets Transbunker founders Iosif Sandler and Sergei Pugachev, both Cypriot citizens, along with Transbunker Management CEO Yelena Zavyalova. 

Prosecutors alleged the founders concealed control of the group through offshore entities in jurisdictions including Cyprus and the British Virgin Islands, while transferring profits abroad. Authorities claim RUB 19.3 billion (USD 247 million) has been moved out of Russia since 2020.

Founded in 1991, Transbunker has developed a nationwide marine fuel supply network serving Russian ports in the Baltic, Black Sea and Far East. The group owns fuel terminals in Novorossiysk, Vanino, Sakhalin and the Leningrad region, among other assets.

 

Photo credit: Egor Filin on Unsplash
Published: 8 July, 2026

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