North Sea Midstream Partners’ Acquisition of Risavika LNG Production Plant From Gasum

Castrén & Snellman advised Gasum on the deal.

The energy company Gasum has reached an agreement with North Sea Midstream Partners on the divestment of the Risavika LNG liquefaction plant while continuing under a long-term contract as a major off-taker of the LNG and LBG produced. The transaction is in line with Gasum’s growth strategy and the evolving LNG market.

Gasum is a leading supplier of biogas and processer of biodegradable waste fractions in the Nordic countries. Gasum promotes the circular economy by processing waste and producing biogas and recycled nutrients in Finland and Sweden, and is the biggest distributor of liquefied natural gas (LNG) in the Nordic countries. Gasum is a fully state-owned company.

NSMP is a leading independent midstream business with large-scale gas infrastructure assets serving the North Sea. NSMP provides essential services to over 35 fields owned by energy majors, utilities and independent producers, through a combined gas pipeline length of nearly 600km making NSMP’s infrastructure the largest and most diversified gas transportation and processing system in the UK.

The Castrén & Snellman team included Carola Lindholm (Picture), Yanhuan Zhou, Aino Rautanen, Samuli Tarkiainen, Jussi Nieminen, Hanna Perikangas, Sari Laaksonen, Vesa Rasinaho, Minna Korhonen and Heidi Malmberg.

Involved fees earner: Minna Korhonen – Castrén & Snellman; Sari Laaksonen – Castrén & Snellman; Carola Lindholm – Castrén & Snellman; Heidi Malmberg – Castrén & Snellman; Jussi Nieminen – Castrén & Snellman; Hanna Perikangas – Castrén & Snellman; Vesa Rasinaho – Castrén & Snellman; Aino Rautanen – Castrén & Snellman; Samuli Tarkiainen – Castrén & Snellman; Yanhuan Zhou – Castrén & Snellman;

Law Firms: Castrén & Snellman;

Clients: Gasum;

Federica Tiefenthaler

Author: Federica Tiefenthaler