Tag: Gasum
Finland still buys gas from Russia
The state-owned company Gasum has continued to buy natural gas from Russia, claiming that it is obligated to pay under the long-term contract anyway.
The Board of Trade asks Tuppurai about the Uniper crisis
Finland’s Minister of Ownership Titti Tuppurainen (SDP) arrived in front of the parliament’s trade committee on Tuesday afternoon to discuss the ongoing negotiations with Germany regarding the financially troubled German gas importer Uniper. Fortum, which is majority-owned by the Finnish state, acquired the majority of the German energy giant in 2019. Currently, Fortum owns 78 […]
Thursday’s leaves: Flights, fertilizer and four elections
The country’s largest daily circulation, Helsingin sanomat newspapercontains an analysis of the possible effects of the forthcoming foreign and domestic elections on Finland’s pending NATO membership. Turkey, Finland and Sweden will have parliamentary elections in the next 12 months, and the US by-elections are only five months away. According to HS, although NATO membership enjoys […]
Russia stops gas supplies to Finland
The move comes after the state’s energy major failed to comply with Moscow’s demand for payment of the ruble Russia has stopped deliveries of natural gas to Finland after the state energy major Gasum failed to make the required payment in rubles to continue future deliveries, the Finnish gas network operator Gasgrid Finland said on […]
Finland signed a 10-year lease agreement for a floating gas terminal
Ministry of Employment and the Economy was revealed that the floating terminal will be commissioned next winter and will be located in the coastal area of Southern Finland. Excelerate Energia is committed to the project schedule, but admits it is challenging according to Saarikko. “Naturally, we will do our best to be ready to receive […]
Ukraine warns that only talks can end the war as Russia reduces gas from Finland
Ukrainian President Volodymyr Zelensky warned on Saturday that only a diplomatic breakthrough, rather than a direct military victory, could end Russia’s war against his country, as Moscow cuts gas supplies to Finland. After more than 12 weeks of fierce fighting, Ukrainian forces have stopped Russian attempts to conquer Kyiv and the northern city of Kharkiv, […]
Finland will replace Russian gas with the Baltic connection
The supply of natural gas from Russia to Finland ended on Saturday morning Olli Sipilä, CEO of the gas network company Gasgrid. Sipilä said that gas has instead started to flow to Finland from the Baltics and the transition has gone smoothly. "The Finnish system is currently in balance, commercially and physically. Of course, something […]
Russia will cut off gas supplies to Finland
Gasum’s gas filling stations in the gas network area will continue their normal operations, the company says in a press release. This development is significant, as it will take place a few days after Finland and Sweden formally submitted their letters of accession to NATO. This was seen as a significant moment for two European […]
Gasum aims to serve customers as Russia cuts off gas supplies
The import of liquefied natural gas (LNG) into Finland from Russia’s Gazprom Export will end on Saturday at 7 am, the Finnish state-owned company Gasum announced. CEO of Gasum Mika Wiljanenexplained the situation in a statement on Friday afternoon. "It is very unfortunate that the supply of natural gas under our supply contract is now […]
Gasum: Russia plans to stop importing gas to Finland this week
Imports of natural gas from Russia to Finland are likely to end this week, either on Friday or Saturday, according to a statement released by the Finnish state gas company Gasum on Wednesday. The announcement came after Gasum revealed on Tuesday that it would refuse to pay the Russian gas company Gazprom Export in rubles, […]
Deliveries of Russian gas could end immediately on Friday, Gasum estimates
Gasum has a long-term natural gas purchase agreement with Gazprom, a Russian state-owned natural gas company. Earlier this week, the Finnish company announced that it would take its dispute over the terms of the payment to arbitration, referring to the supplier’s demand that natural gas payments be made in rubles. Gazprom has demanded that its […]
Gasum Finland is seeking arbitration in a payment dispute with Gazprom
“Gasum does not accept Gazprom Export’s request to switch to ruble payments and will therefore not make payments in rubles or in accordance with the proposed payment arrangement. In addition, the companies have a significant dispute over other claims made under the agreement, the company said press release on tuesday. Gazprom has asked Gasum to […]
Gasum Finland refuses to pay Gazprom in rubles
The Finnish state gas company Gasum announced on Tuesday that it would refuse to pay the gas company Gazprom Export in rubles the fees demanded by the Russian company. In its statement, Gasum said it had received a letter from Gazprom Export in April stating that payments should be made in rubles instead of euros. […]
Finland is looking for alternatives as Russia’s gas ban approaches
Finnish industry is heavily dependent on natural gas, and companies are looking for alternatives Russia is threatening to shut down Finland’s gas supplies. The Russian state gas company Gazprom has demanded that the Finnish gas company Gasum pay for the ruble by 20 May. Russia has cut off gas supplies to Poland and Bulgaria because […]
HS: Finland is preparing for a possible suspension of gas supplies from Russia
Gazprom, a Russian state-owned natural gas producer, has stated that compliance with the conditions is a precondition for resuming gas supplies, citing its recent decision to suspend supplies to Bulgaria and Poland. Gasum, the importer and distributor of natural gas owned by the Finnish state, has been asked to provide a response to the payment […]
Finland does not agree with the gas payment terms set by Russia, Tuppurainen reiterates
Helsingin sanomat newspaper reported yesterday that the stock could lead to a suspension of natural gas supplies due to non-compliance with the payment terms when the next tranche matures, as happened earlier this week for Bulgaria and Poland. Russia has been demanding since the beginning of the month that buyers of natural gas from “unfriendly […]
Tuppurainen: Finland does not accept payment terms for Russian gas
President of Russia Vladimir Putin prescribed At the end of last month, gas buyers from all the so-called unfriendly countries will have to pay for their imports using both foreign currency and ruble-denominated accounts set up in Gazprombank, Gazprom’s Swiss Economic Department. According to him, the payment will not be considered valid until it is […]
Gasum, which still imports Russian LNG via Pori, is looking for alternative deliveries
The Finnish state-owned energy company Gasum is the largest distributor of liquefied natural gas (LNG) in the Nordic countries, with a terminal network in Finland, Sweden and Norway. The company continues to import LNG from Russia, although many other Finnish companies have ceased operations in Finland’s eastern neighborhood due to the Russian invasion and the […]
Friday’s newspapers: Conciliation Committees, Import Administrators and State-Owned Companies in Russia
The ongoing public sector wage dispute is in the news again this week, and nurses lifted the strike – but are threatening mass layoffs instead. On Friday in Helsingin Sanomat dispute analysiswhich will look at the Conciliation Committee, which is meeting this week to try to find a solution. The committee is convened in disputes […]
A large Finnish port that converts wastewater from cargo ships into biogas
The conversion of cargo ship waste into biogas, which can be used as fuel for trucks, has been started in the port of Hamina-Kotka in southern Finland. Located in Kymenlaakso along the Gulf of Finland, the port is one of the busiest seaports in the country, receiving an average of 2,500 cargo vessels per year. […]
Fossil fuel free transport platform focuses on electricity, gas and hydrogen distribution infrastructure
In May 2021, the government adopted a resolution on a roadmap for fossil-free transport, listing measures to reduce greenhouse gas emissions from road transport. The goal is to halve transport emissions by 2030 from 2005 levels and achieve zero emissions by 2045. Road transport accounts for 95% of domestic transport emissions. The Fossil Free Transport […]
33 jobs achieve zero accidents
“Of the 87 jobs rated 87 this year, 33 were able to reach the target of zero accidents. This figure is higher than ever before,” says Anna Melleri, VR Group’s Head of Risk Management, who chairs the steering group of the Zero Accident Forum. Safety-rated jobs also included a number of industrial jobs where production […]
Social Distance Skills, Environmental Issues and Moomins in Korea: Finland in the World Press
Finland’s plans to expand battery production also received news this week, and some expressed concern about the environmental impact of increased mining. The government’s new “battery strategy” will ensure the creation of a number of new mineral mining sites that environmentalists say could threaten sensitive ecosystems. Elsewhere, however, Finland was praised for its progress in […]
