Wednesday, August 10 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Aug 08
Week of Aug 01
Week of Jul 25
Week of Jul 18
Week of Jul 11
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Gasum: Closure of divestment of LNG liquefaction plant to North Sea Midstream Partners


    November 22, 2021 - Contify Energy News

     

      Nov. 19 -- Gasum issued the following news release:

      Gasum closed the divestment of its LNG liquefaction plant in Norway to North Sea Midstream Partners (NSMP) on November 16. The companies have also agreed on an extensive tolling agreement under which Gasum will continue to ensure deliveries of liquefied natural gas (LNG) and liquefied biogas (LBG) to its customers from the Risavika liquefaction plant. The transaction is part of Gasum’s growth strategy.

      North Sea Midstream Partners (NSMP) is a leading independent midstream company with large scale infrastructure assets serving the North Sea.

      “The transaction will allow us to ensure deliveries of liquefied gas to our customers in the same way as earlier. We want to optimize our capital allocation to speed up the execution of our growth strategy. I would like to thank NSMP for cooperation, which I’m pleased to say continues under a long-term tolling agreement. We believe that NSMP will further develop the liquefaction plant,” explains Gasum’s interim CEO Kai Laitinen.

      “The Risavika liquefaction plant expands our geographic reach into a key target market, diversifies our portfolio and extends our platform for growth. It’s great to begin building a long-term partnership with Gasum, with whom we will be working closely to ensure a smooth transition of liquefaction plant operations,” says Andy Heppel, CEO North Sea Midstream Partners.

      The separate bunkering solution, serving maritime customers, is not included in the transaction scope. Both parties have agreed not to disclose the transaction price.

      Source: Gasum

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.