Norway: Skangas will acquire Risavika LNG production plant

The Gasum subsidiary Skangas and the Lyse Group have signed an agreement concerning the sale of the

Risavika LNG production plant. The acquisition of these facilities will strengthen Skangas’ presence in the

downstream of the LNG value chain and secure its commercial position in the Norwegian market and

North Sea. The plant has an annual production capacity of 300,000 tons of LNG, and the volume of its

tank is 30,000 cbm. The acquisition also includes the LNG marine bunkering facility.

“Under the tolling agreement signed in 2014, we have bought the full annual capacity of the Risavika

LNG plant. The acquisition of the plant puts the final pieces in place in the overall acquisition of Skangas.

This acquisition is part of our LNG business development and further strengthens our position as the

leading LNG player in the Nordic market,” said Gasum CEO Johanna Lamminen.

“The acquisition will strengthen our position in the growing LNG market, increase our overall storage

capacity and improve our current and future customers’ access to LNG under long-term and competitive

conditions,” said Skangas CEO Tor Morten Osmundsen.

Gasum acquired the majority of the Norwegian Skangas’s distribution operations from the Lyse Group in

2014, with the transaction including a purchase option of the Risavika LNG production plant. The

acquisition was part of Gasum’s strategy to improve the availability of competitive LNG in the Nordic

countries. The aim of the cooperation is to take a strong position in the growing Nordic LNG market.

NGS INDIA