Axpo has announced that it will be opening an office in Singapore at the end of 2020 to strengthen its presence in Asia’s fast-growing LNG market.
Experienced energy industry executive Sophie Ducoloner has been hired to head the new Axpo Singapore subsidiary as its Managing Director, effective 1 December 2020.
This latest expansion of the company’s international energy trading business comes as demand in the world’s biggest market for LNG imports is forecast to increase strongly over the next decade.
Making the announcement, Domenico De Luca, Head of Trading & Sales at Axpo, said: “We’re expanding our trading activities in Asia because of the significant potential in its booming LNG market. This move will strengthen Axpo’s presence in the region and further accelerate the growth of our global LNG portfolio. The Asian markets are set to grow in LNG in the coming years as clients aim to reduce their carbon footprint and move towards cleaner energy resources and away from coal.”
Moreover, Domenico De Luca added: “I’m also delighted that Sophie Ducoloner will be joining us to lead our operations in Singapore. She brings considerable industry experience and local knowledge that will prove invaluable in developing our business in the region.”
Sophie joins Axpo bringing with her nearly 20 years of experience in the Asian and international LNG markets. Her first tasks will be to hire a team of experienced industry professionals, establish Axpo’s new branch office, and develop activities that support Axpo’s wider regional strategy and ambitions. Axpo Singapore will focus on trading and delivering a full range of energy solutions, including procuring energy, portfolio optimisation, and energy risk management.
With the opening of its new Singapore office, Axpo will be present in 30 countries and active in 40 markets across Europe, the US, and Asia.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/06102020/axpo-to-open-new-lng-branch-in-singapore/