Axpo Group, Switzerland’s largest energy producer and an international leader in energy trading, has marked a significant achievement in its liquefied natural gas (LNG) operations with the delivery of 100 LNG cargoes to Europe in less than four years. This milestone underscores the company’s growing role in the LNG sector, which continues to be a critical component of Axpo’s Trading & Sales business. By providing a secure energy supply, Axpo supports both domestic and international customers, particularly in Switzerland.
A Milestone of 100 LNG Cargoes Delivered
From January 2020 to September 2024, Axpo successfully delivered 100 LNG cargoes to various European terminals. The bulk of these deliveries went to terminals in Spain, France, Italy, and Portugal, where Axpo has solidified its presence. In total, the company has transported a remarkable 76.07 terawatt hours (TWh) of LNG, which is enough to power approximately 4.7 million homes for an entire year.
In the 2023/24 financial year alone, Axpo imported 25 LNG cargoes, amounting to 16.2 TWh. This volume is equivalent to the annual gas consumption of one million homes across Europe, demonstrating Axpo’s key contribution to regional energy security during a time of growing demand for cleaner energy solutions.
Commitment to Energy Transition
Domenico de Luca, Head of Trading & Sales at Axpo, emphasized the company’s ongoing success in the natural gas and LNG sectors, stating, “Axpo’s natural gas and LNG activities have continued to thrive over the past years and play an important role in providing a secure energy supply to our customers. Gas is a key bridging fuel, providing the diversification needed during the energy transition as renewable energy technologies gain scale.”
A Sustainable Future with LNG
Axpo has been involved in the gas trading and transportation sector across Europe for nearly 20 years. More than a decade ago, the company expanded into LNG activities, which have become an integral part of its energy portfolio. Axpo serves a diverse range of customers, from small and medium-sized enterprises (SMEs) to large energy-intensive industrial clients, solidifying its position as a reliable energy partner.
Expanding LNG Bunkering Operations
In addition to its success in the natural gas and LNG trading sectors, Axpo is now expanding its LNG operations into bunkering. The company is chartering small-scale LNG vessels to facilitate LNG bunkering, a process that allows for efficient and cost-effective ship-to-ship and ship-to-truck transfers of LNG. As LNG becomes an increasingly popular and cleaner alternative to traditional marine fuels, Axpo’s bunkering activities are expected to play a key role in reducing greenhouse gas emissions in the maritime industry.
LNG bunkering has emerged as an essential growth area for Axpo, offering a sustainable and competitive solution for the shipping industry. The company’s commitment to LNG highlights its dedication to advancing cleaner energy alternatives and supporting the maritime sector’s transition to more environmentally friendly fuels.
About Axpo Group
Axpo is Switzerland’s largest energy producer and an international leader in energy trading and the marketing of solar and wind power. Axpo produce, trade, and distribute energy in Switzerland and internationally. Axpo Group comprises Axpo Holding AG and its subsidiaries. Axpo Holding AG carries the strategic responsibility for the Axpo Group and ensures a future-oriented focus.
Founded in 2001, Axpo Holding AG is headquartered in Baden, and its shares are wholly owned by the cantons and the cantonal utilities of Northeastern Switzerland. With a mission to enable a sustainable future through innovative energy solutions, Axpo operates in over 30 countries worldwide. The company’s 7,000 employees are dedicated to delivering cutting-edge energy technologies and solutions that meet the needs of customers in a rapidly changing energy landscape.
Source Axpo Group