Axpo to open Singapore office with a focus on LNG trading

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.

- Advertisements -

Most Popular

EIG hires Shell’s Venter as CEO of its LNG unit

US-based energy investor EIG said it has named Shell's De la Rey Venter as chief executive officer of its...

Souki says Tellurian invested $750 million in Driftwood LNG

US LNG firm Tellurian has already invested $750 million in its Driftwood project in Louisiana, as it continues to...

Czech firm books capacity at Dutch Eemshaven LNG import hub

The Czech Republic, in cooperation with CEZ Group, has booked regasification capacity at Gasunie's LNG import hub in Eemshaven,...

More News Like This

Axpo plans to use Pertamina’s Arun LNG hub in Indonesia

A unit of Switzerland’s renewable energy producer Axpo is looking to become a user of Pertamina's Arun LNG hub...

German LNG import terminal to ink binding capacity deals

German LNG Terminal, the developer of the Brunsbuettel import project, expects to sign several binding capacity deals in the...

Axpo, Balearia team up on carbon-free ferry voyage

A unit of Switzerland's Axpo has joined forces with Spain's Balearia in what it says is the first carbon-free...