23.6.2023 - Axpo Singapore has started trading Japanese power derivatives on the European Energy Exchange (EEX), the company announced today.
Following the opening of its office in Singapore at the end of 2020, this is the next step towards building an Asia-Pacific (APAC) power derivative trading platform that will cover Australia and New Zealand, as well as Singapore.
Axpo Singapore Managing Director Sophie Ducoloner said: “This is an important milestone in the development and diversification of Axpo’s business in the region. We aim to offer counterparties cross-commodities solutions covering LNG, gas and power. Creating synergies between products, this will further enhance Axpo’s commercial reach in one of Asia’s largest energy markets.”
Having established a leading position in Europe in the last 20 years and operating successfully in the USA since 2016, Axpo has been expanding its international energy trading business in Asia, focusing on the trading of liquefied natural gas (LNG).
Corporate Communications