Gas imports to Europe
Fortum's subsidiary Uniper is among the largest importers of natural gas and plays an essential role in providing security of supply, especially in Germany. As announced on 21 September 2022, Fortum has agreed to fully divest Uniper to the German State. Read more about the agreement: Fortum and Uniper page
Fuel purchases from Russia (updated on 10 August 2022)
Due to the war in Ukraine, we are looking for alternatives to fuel sourced from Russia.
In Finland, we do not buy fossil fuels, pellets or biomass from Russia for our power plants in Espoo and Meri-Pori.
For our Loviisa nuclear power plant in Finland, we currently procure fuel from the Russian fuel company TVEL. The current contract is valid until the end of our current operating licenses, i.e. until 2027 and 2030. The power plant has plenty of fuel in storage, even for a couple of years. On 3 March 2022, we announced the decision to apply for new operating licences for the Loviisa power plant until 2050. A new tendering process for nuclear fuel will be initiated simultaneously.
In Germany, Uniper has announced that it will not enter into new long-term supply contracts for natural gas with Russia. Uniper is increasing LNG imports to Europe and has re-started the LNG terminal project in Wilhelmshaven. Uniper is also looking for alternatives to Russian coal as imports of Russian coal will be stopped in line with the EU and UK sanctions and embargos.
As announced on 21 September 2022, Fortum has agreed to fully divest Uniper to the German State. Read more about the agreement: Fortum and Uniper page
Fortum’s Russia division will discontinue the use of coal by the end of 2022
In July 2021, Fortum signed an agreement to sell its Argayash coal-fired combined heat and power plant (CHP) to AO JSC Rusatom Smart Utilities (JSC RSU). The sale, together with the transition to gas at the Chelyabinsk CHP-2, will allow the Russia division to discontinue its use of coal by the end of 2022 and reduce annual CO2 emissions by approximately 2 million tonnes.