Gasum

Gasum Oy is an integrated gas company with its headquarters are in Espoo (Finland). Gasum buys Russian natural gas from Gazprom and sells it directly to large customers or indirectly through distribution partners and subsidiaries to end-users. Gasum itself operates 1190 km long distance transmission pipelines, and through its subsidiary Gasum Paikallisjakelu Oy further 510 km distribution pipelines in the area around Helsinki. The subsidiary Gaasienergia AS distributes natural gas in Estonia. Gasum plans together with the Estonian gas network operator Eesti Gaas, the Finnish and the Estonian gas network to connect to the Baltic Connector. The underwater pipeline to Finland connect to the gas storage in Inčukalns, and allow the connection of an LNG terminal.

Gasum was created in 1994 by splitting off from the Finnish energy company Fortum (now Fortum and Neste ), who was forced during the market opening vertically integrated energy markets for unbundling. 1999 Fortum sold a majority stake in Gasum. In 2010 Gasum was in possession of the following shareholders:

  • 31% of Fortum
  • 25% of Gazprom
  • 24% Finnish State
  • 20 % E.ON Ruhrgas

Gasum is the only Finnish company in the Association of European Transmission System Operators for Gas ( ENTSOG ).

Types of business entity Osakeyhtiö Neste Oil
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