Finnish state-owned energy supplier Gasum has begun publishing a daily price for FuelEU Maritime compliance units in a move intended to bring greater clarity to a fast‑evolving regulatory market.
The price, which is now available on Gasum’s website, reflects the company’s actual selling price per tonne of CO2 emitted and applies to transactions of 500 tonnes of CO2 or more. Gasum said the figure is a direct quotation rather than a market index.
Jacob Granqvist, Vice President for Maritime at Gasum, said: ‘We at Gasum believe a more transparent and standardised FuelEU Maritime compliance market is needed to support shipping companies in making the right decisions. For us, pooling is about trust and pricing transparency is key in increasing the trust we know our customers have in us.’
The FuelEU Maritime regulation ties vessel greenhouse gas intensity targets to the use of low carbon fuels. However, the market for compliance units, particularly when pooled across operators, remains in an early phase and has lacked the price signals that many shipping companies require for strategic planning.
Gasum generates its compliance pool by operating designated vessels on waste‑based bio‑LNG. The company says bio‑LNG produces, on average, 90 per cent lower emissions compared with fuels such as marine gas oil. It also notes that depending on the feedstock, emissions can even be negative. This enables Gasum to generate surplus compliance that can be allocated to pool participants.
A distinguishing feature of Gasum’s offering is that it assumes full contractual responsibility for balancing the pool. The company guarantees that sufficient volumes of bio‑LNG will be supplied to meet its obligations, which allows customers to transfer regulatory risks associated with FuelEU Maritime to Gasum.
