FINLAND TO RECEIVE MORE RUSSIAN GAS
Finland's Neste Oy and Russia's Gazprom have formed a joint venture company to supply an increasing volume of Russian gas to Finnish consumers. Effective May 1 the new venture company, called Gasum Oy, will take over the activities of Neste's natural gas supply division. Under the agreement, Gazprom has taken a 25% interest in Gasum for 250 million Finnmarks ($45.6 million) in cash. Neste will own a 75% interest.