AsiaCorporate

Axpo to open Singapore office with a focus on LNG trading

By Mirza Duran
Axpo to open Singapore office with a focus on LNG trading
Sophie Ducoloner (Image: Axpo)

Switzerland’s renewable energy producer Axpo will open a branch in Singapore to expand its trading activities in Asia’s growing LNG market.

Axpo said in a statement it hired Sophie Ducoloner to lead the new subsidiary from December 1, 2020.

Ducoloner has around 20 years of experience in the LNG sector. This includes roles at JERA Global Markets, EDF Trading and Gazprom marketing and trading.

Furthermore, her first tasks at the new role will be to hire a team of experienced industry professionals. Ducoloner will develop activities that support the firm’s wider regional strategy and ambitions, the statement said.

Axpo Singapore will focus on trading and delivering energy solutions, including procuring energy, portfolio optimisation and energy risk management.

Domenico De Luca, Axpo’s head of trading and sales, sees a strong demand for energy in general and for LNG in particular in Asia.

“Many Asian countries are set to grow in LNG in the coming years as they want to do without coal in the future due to climate change and renewable energies cannot be developed quickly enough,” he said.

De Luca added that Singapore is the hub for the energy trading activities in Asia and the new branch will strengthen the firm’s position in this important growth market.

Most Popular

LNG Terminals

First Nations plan new Canadian LNG export project

Kino Aski and Marinvest Energy Canada rebealed plans to jointly develop Kino Aski LNG, a First Nations–led liquefied natural gas (LNG) project designed to supply Europe.
LNG Terminals

Golar eyes fleet of more than seven FLNGs

Floating LNG player Golar LNG has made a pathway to increase its FLNG fleet to over seven units after ordering its fourth unit and securing two more shipyard slots, according to CEO Karl Fredrik Staubo.
LNG as Fuel

CIMC SOE scores new LNG bunkering vessel order

China’s Nantong CIMC Sinopacific Offshore & Engineering has secured an order to build one 6,000-cbm liquefied natural gas (LNG) bunkering vessel.
spot_img

More News Like This

LNG as Fuel

Axpo and Vitol wrap up first Civitavecchia LNG bunkering op

Switzerland-based Axpo and energy trader Vitol have completed what they say is the first ship-to-ship LNG refueling at the Port of Civitavecchia, Italy’s largest cruise port.
LNG as Fuel

MOL inks European bio-LNG deals

Japan’s shipping giant MOL has signed new supply agreements with Titan, part of Molgas, and Axpo to expand the use of bio-LNG fuel for its LNG-fueled car carriers in Europe.
LNG as Fuel

Axpo wraps up first cruise ship LNG bunkering in Naples

Switzerland-based Axpo has completed what it claims is the first LNG bunkering of a cruise ship in Naples, Italy.
LNG as Fuel

Shell, Axpo secure OK to provide Valencia LNG bunkering services

Units of UK-based LNG giant Shell and Switzerland-based Axpo have received approvals from Spain's Port Authority of Valencia to provide commercial LNG bunkering services in three ports.