Gasum invests in Linde's LNG assets and business

Gasum is acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG. The acquisition will enhance the development of the Nordic gas market and create a platform for Gasum to provide a broader offering to meet the increasing demand for low-emission energy solutions from customers in industry, maritime and road transport. The transaction will improve access to competitive natural gas and biogas, multiply the available LNG logistics capacity and expand Gasum’s Nordic gas filling station network.

Together, the businesses employs 35 employees and generates annual revenues of more than EUR100 million (US$110.7 million). In the acquisition, several assets will be transferred to Gasum. These include an LNG liquefaction plant, two LNG terminals, two LNG bunkering vessels, and 48 gas filling stations in Sweden and Norway.

The acquisition was signed on November 13, 2019 and is subject to relevant approvals from competition authorities. It is anticipated to be completed during 2020.