Energy company Gasum on Wednesday (13 November) said it is acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG.
The transaction includes an LNG liquefaction plant, two LNG terminals, two LNG bunkering vessels, and 48 gas filling stations in Sweden and Norway.
The acquisition was signed on November 13, 2019. The transaction is subject to relevant approvals from competition authorities. The transaction is anticipated to be completed during 2020.
The development will enhance the development of the Nordic gas market and create a platform for Gasum to provide a broader offering to meet the increasing demand for low-emission energy solutions from customers in industry, maritime and road transport, it explains.
The transaction will improve access to competitive natural gas and biogas, multiply the available LNG logistics capacity and expand Gasum’s Nordic gas filling station network.
Together, the businesses employ 35 employees and generates annual revenues of more than EUR 100 million. In the acquisition, several assets will be transferred to Gasum.
“The acquisition of AGA’s Clean Energy and Nauticor’s Marine Bunkering businesses is an integral part of our growth strategy,” says Gasum CEO Johanna Lamminen.
“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 very excited about this transaction which is important step for our com-pany when building the Nordic gas ecosystem and answering the increasing demand for low-emission energy solutions from customers.”
Photo credit: Nauticor
Published: 15 November, 2019
These four vessels will be delivered from 2022 to 2023 and are planned to be assigned to transport vehicles mainly to/from Europe and/or to the Middle East.
The Chinese yard is building five 15,000 TEU LNG-fuelled container ships on behalf of an European shipowner.
Both Presidents held a joint news conference on Wednesday following Russia-Finland talks at Sochi.
Chairman provides an update on the emissions, investment, and infrastructure front of LNG bunkers.
The station’s fit-for-purpose high speed pumps allow the bunkering operation to take just 45 minutes while the vessel performs loading and unloading operations.
Makes LBG as marine fuel available for vessels from permanent gas bunkering facility at the Port of Gothenburg.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
