Finnish state-owned energy firm and LNG supplier, Gasum, is strengthening its presence in the Amsterdam-Rotterdam-Antwerp region by registering for business in the Netherlands.
According to a statement by Gasum, the company’s Swedish entity has been entered into the Dutch trade register in February 2023.
“While Gasum has been active in the region for some time now, being registered as a legal entity in the Netherlands opens up new opportunities for the future in the liquefied natural gas (LNG) and liquefied biogas (LBG) maritime market,” it said.
Gasum’s chartered LNG bunkering vessel Kairos is working only in the ARA region as part of the firm’s strategy to expand its maritime services in northwest Europe.
The company also has a deal to bunker Equinor’s LNG-powered offshore vessels, including in the ARA region.
Gasum recently also started building a bio-LNG plant in Sweden, the first one in a series of five large-scale biogas plants.
The firm is boosting the production of bio-LNG or LBG, which can be used directly instead of or mixed in with LNG.
LBG can cut carbon dioxide emissions by 90 percent compared to fossil fuels, when it its produced from waste streams, according to Gasum.
Gasum’s goal is to increase biogas availability on the market “significantly” in the next five years.
“LNG usage in maritime transport will increase significantly in the near future. Upcoming EU emissions regulations are expected to increase interest and uptake of lower emission alternatives, of which LNG is currently the most viable,” Jacob Granqvist, VP maritime at Gasum, said in the statement.
“The continental Northwest Europe region is a huge emerging market and Gasum is well positioned as an experienced player to take a significant piece of it”, he said.