Energy company Gasum has taken full control of Norwegian LNG supplier Skangas as part of its strategy to enhance the development of the Nordic gas market and LNG distribution network.
Skangas took its holdings from 70% to 100%, acquiring the remaining shareholding of Lyse Group.
Johanna Lamminen, CEO of Gasum, said: “Completing the acquisition of Skangas gives us even better opportunities to build and develop the Nordic gas ecosystem and to respond to growing demand. We thank the Lyse Group for the good co-operation in developing the LNG market
“The need for cleaner fuel solutions in industry and transport is increasing significantly, and LNG is the most competitive option for low-emission fuels. We want to be the frontrunner in taking the Nordic countries to a cleaner tomorrow.”
Skangas currently has two vessels in its fleet, LNG bunkering vessel Coralius and dual-fuel LNG carrier Coral Energy. It also owns a liquefaction plant in Risavika, and various terminals across the Nordic region.