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Sivu: 1Sivu: 2Sivu: 3Sivu: 4Sivu: 5Sivu: 6Sivu: 7Sivu: 8Sivu: 9Sivu: 10Gasum acquired a minority shareholding in Biovakka Suomi Oy.The agreement was signed by Biovakka’s Janne Lehtonen and Jyrki Heilä and Gasum’s Antero Jännes and Björn Ahlnäs. The project to upgrade systems at the imatra reception station was completed. in Tampere a total of 10 different connection projects were completed, including those needed for the new Häme parallel pipeline and for the Lakalaiva and Lahdesjärvi road alterations. Gasum’s investment programme also included major network expansion projects into the Turku economic zone and from mäntsälä to sipoo, and repairs to the original main pipeline dating back to the 1970s between imatra and kouvola will continue. incentive is fixed. if Gasum’s costs remain below the level set, it has the opportunity to receive a bonus, while cost rates above the level will result in a penalty.The supply security incentive has a target level for amounts of gas unsupplied due to either planned or unplanned interruptions. There will be a penalty if the target level is exceeded. There is no bonus option in the supply security incentive. Gasum’s network can also be used for bio-based gases Transmission service development work must also take into consideration the new energy gases, such as biogas, that can be transmitted in the network. studies show that biogas produced from different types of biomass can be injected into the Gasum transmission network once processed. in 2009 Gasum launched studies into large-scale gas production based on biomass gasification. Gasum’s network would enable the efficient transmission of this bio-based synthetic natural gas (sNG) to the densely populated areas of southern finland too. Gasum is participating in undertakings including the UCGfunda project coordinated by the vTT that studies the gasification of various biomass-based fuels and gas purification and conducts evaluations of processes aimed at creating a variety of end products. These new gases will require changes in the balance settlements regarding both the Gasum transmission network and Changes in the transmission operations supervision model The natural gas transmission service business is supervised by the Energy market Authority (EmA). The first fouryear monitoring period ended in 2009. During the period, the EmA monitored the reasonableness of the rate of return on transmission operations. The first period saw Gasum’s profit from network operations remain below the reasonable rate of return specified by the EmA. The new four-year period of monitoring started at the beginning of 2010, with the supervision model now also featuring supply security and cost-efficiency of natural gas transmission operations. A target level for both elements will be set by the EmA. A negotiation procedure will take place in spring 2010 to set the target level for the cost-efficiency incentive, while the target level for the supply security finland’s nationwide natural gas transmission system. Gasum has launched work to develop a new balance settlement model. The aim is to create capacities for Gasum to receive purified biogas into its network during 2011. This reception will require careful monitoring of the composition and quality of biogas. Government decisions regarding biofuel feed-in tariff and tax treatment will have a major impact on biogas productisation and pricing. Gasum will continue explorations into the possibility of broadening the scope of natural gas sourcing by launching the imports of liquefied natural gas (LNG). The realisation of this alternative can be speeded up by new, lighter and less expensive LNG unloading techniques. GAAsiENERGiA The operations of Gasum’s Estoniabased subsidiary, Gaasienergia, developed well in 2009, and the company achieved one of the best operational results in its history. Natural gas sales by Gaasienergia were slightly higher than expected as the number of Gaasienergia’s customers that moved over to Eesti Gaas proved lower than anticipated. Gas transmission volume was as in line with expectations. investments were slowed down by the economic recession, with only one-fifth of the investments planned for the year implemented in 2009. Gaasienergia introduced new general terms and conditions for gas supply and distribution in 2009. 11
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