Pause operations: company temporarily curtailing operations while keeping return options open

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Gasum is a fully state-owned company. 73.5% of the shares are owned by the state company Gasonia Oy and 26.5% directly by the state of Finland.

Pause operations: company temporarily curtailing operations while keeping return options open

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Revenue(RF), mln.USD
820
Glob.Revenue, mln.USD
1326

Russia has been supplying natural gas to Finland for over 45 years. The first contract for the supply of up to 1.4 billion cubic meters per year was signed in 1971. Deliveries of Russian gas through it to Finnish consumers began in 1974. In December 2015, Gazprom Export and Gasum extended the contract for gas supplies to Finland until December 31, 2031.

The Company Statement
May 20, 2022

After the start of Russian aggression in Ukraine, Gasum’s natural gas supplies continued as usual. The company commented that “an active dialogue is ongoing with the relevant national authorities and stakeholders regarding the situation”. But later, natural gas imports from Russia under Gasum’s supply contract was decided to be halted on Saturday 21 May at 07.00

November 17, 2022Stockholm arbitration sided with Gazprom
June 03, 2022Foreign Partners: Finland | Gazprom Export
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