Gasum starts publishing daily FuelEU pooling values

Finnish state-owned energy firm Gasum’s FuelEU Maritime pooling compliance surplus was priced at €227/mtCO2e ($263/mtCO2e) on Wednesday, according to its website.

IMAGE: The Gasum-operated dual-fuel LNG bunker vessel, Kairos, delivering LNG in Le Havre port in France. Gasum

Gasum operates a FuelEU pooling arrangements in the Baltic region, using liquefied biomethane (LBM) as its primary compliance fuel.

The pool includes Gasum’s two bunkering vessels, Coralius and Kairos, one Wasaline ferry, two LBM-fuelled ferries operated by Viking Line between Finland and Sweden and two LNG carriers from Dutch operator Anthony Veder.

Swedish shipping company Wallenius Sol has also joined the pool, though it has not specified how many vessels it has added.

These operators run their vessels on LBM to generate surplus compliance, which Gasum then sells to buyers such as Swedish paper manufacturer Svenska Cellulosa Aktiebolaget (SCA) and ferry operator Stena Line to offset FuelEU shortfalls on their EU-trading vessels and avoid penalties.

Gasum has set a minimum purchase requirement of 500 mt for pooling compliance.

By Konica Bhatt

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