Gasum – Gasum Increasing Its Shareholding in Skangas to 70%

We acted as legal counsel to Gasum in the increase of its shareholding in Skangas to 70%.

Following Gasum’s increase, the Norwegian Lyse Group will continue as a Skangas shareholder with a 30% stake. The increase in shareholding will strengthen Gasum’s position as the leading LNG provider and developer of the Nordic gas ecosystem.

Developing the Nordic gas ecosystem is a key element of Gasum’s strategy, and LNG in particular will play an increasingly important role in the Nordic gas market in the future. Gasum acquired a majority shareholding of 51% in Skangas in 2014, and the current increase in ownership will provide Gasum with new capacities for the development of the Nordic LNG Market.

‘This increase in shareholding will position us even better to respond to the growing demand for LNG and build a bridge to a carbon-neutral society together with our partners’, says Gasum CEO Johanna Lamminen.