Finland's Gasum boosts LNG business in Nordics with Linde deal
Finnish state-owned gas company Gasum said it had agreed to buy Linde’s liquefied natural gas (LNG) and marine bunkering business in Norway and Sweden.
Gasum did not disclose the value of the deal.
The assets include one LNG liquefaction plant, two LNG terminals, two LNG bunkering vessels and 48 gas filling stations. They will generate annual revenues of more than 100 million euros (£86 million), Gasum said in a statement.
“The acquisition of AGA’s Clean Energy and Nauticor’s Marine Bunkering businesses is an integral part of our growth strategy,” Gasum’s Chief Executive Johanna Lamminen said.
Gasum said the deal was expected to close during 2020 pending approvals from competition authorities.
Reporting by Lefteris Karagiannopoulos, editing by Nerijus Adomaitis and Jane Merriman
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
- Mitsubishi to inject $260 MM into Brunei LNG project
- Freeport LNG (U.S.) on track to take in more natgas on Thursday after unit outage
Comments