Wärtsilä and Gasum Sign Agreement to Develop LNG Markets

Wärtsilä and Finland based Gasum have signed a joint cooperation agreement aimed at developing the use, distribution, and service solutions for natural gas in marine and onshore applications. Wärtsilä provides the gas value chain technology know-how, while Gasum has the expertise in distributing and selling natural gas and biogas. The development work regarding LNG for marine applications will also draw on the expertise of Gasum subsidiary Skangas.

The project will be divided into work streams, covering areas such as Smart Power Generation, LNG and liquefied biogas (LBG), gas as a marine fuel, operations & maintenance, and biogas. The work will focus on increasing sales through business development cooperation, and building an LNG infrastructure in places where gas is currently not available. The companies will share know-how, contacts, marketing, and business development activities, and will also work together to develop cost-effective and efficient operation and maintenance activities.