Pöyry awarded an engineering and implementation services framework agreement with Gasum, Finland

PÖYRY PLC    Press Release 9 February 2016 at 12 pm (EET)

Pöyry awarded an engineering and implementation services framework agreement with Gasum, Finland

Gasum and Pöyry have signed a five year framework agreement for engineering and project implementation services to develop, plan and implement Gasum's natural gas projects in Finland. Gasum's aim is to achieve smart and competitive natural gas solutions for Finnish markets. The agreement covers project management, HSE, procurement, engineering, document management and other related services. Pöyry is one of three engineering companies that were awarded with the frame agreement after public procurement procedure.

Gasum is a gas sector (natural gas and biogas) expert that is building a bridge to a carbon-neutral society on land and at sea. Gasum contributes to the creation of a sustainable energy economy by increasing the supply of Finnish biogas, developing the Nordic gas ecosystem and ensuring the price competitiveness of gas. Gasum imports natural gas to Finland, upgrades biogas and transmits and delivers these for a broad range of uses in energy production, industry, homes, and land and maritime transport. Gasum is the leading supplier of biogas in Finland. It injects biogas into the gas network from Espoo, Kouvola and Lahti, and from 2016 onwards also from Riihimäki. The Gasum subsidiary Skangas is a Nordic liquefied natural gas (LNG) specialist that continues to strengthen the position of LNG and the broader utilization of new solutions in Finland, Sweden and Norway. Skangas has LNG terminals in Øra, Norway, and Lysekil, Sweden. Finland's first LNG import terminal will be completed in Pori in 2016.

"We are proud of the trust that Gasum shows in Pöyry via this framework agreement. The agreement is a platform for our co-operation for the years to come, proving our competence and excellent service level in engineering and project services. Through successfully executed projects we continue our strong relationship with Gasum." comments Tuukka Sormunen, Pöyry's Head of Chemicals & Biorefining, Northern Europe.

PÖYRY PLC

Additional information by:

Tuukka Sormunen
Head of Chemicals & Biorefining, Northern Europe
+358 10 33 22128

Nicholas Oksanen
Executive Vice President, Industry
+358 10 33 22294

Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2014 were EUR 571 million and the company's shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).