Wärtsilä and Gasum sign LNG cooperation

The agreement was signed in Helsinki today (29 August) and will focus on increasing sales through business development cooperation, as well as building an LNG infrastructure in places where gas is currently not available. The companies will share know-how, contacts, marketing, and business development activities. They will also work together to develop cost-effective and efficient operation and maintenance activities. The development of liquefied biogas (LBG) markets is another important objective, with LBG using the same infrastructure as that required for LNG.

Wärtsilä will provide the gas value chain technology know-how, while Gasum has expertise in distributing and selling natural gas and biogas. The project will be divided into work streams including smart power generation, LNG and LBG, gas as a marine fuel, operations and maintenance, and biogas. Development work regarding liquefied natural gas (LNG) for marine applications will also utilize the expertise of Gasum subsidiary Skangas, a leading LNG player in the Nordic market.

Jaakko Eskola, president and CEO, Wärtsilä, said: “Wärtsilä has taken a leading position in both the energy and shipping markets as a developer of advanced technology solutions that enable the practical and efficient use of natural gas fuel. This agreement with Gasum will help speed the transition to gas fuel and advance environmental sustainability.”

Johanna Lamminen, CEO of Gasum and chairman of Skangas, added: “I’m very pleased with the joint co-operation agreement as we’re able to improve access to natural gas solutions as efficient and clean energy alternatives in the marine and land markets.”