Axpo Delivers 100th LNG Cargo to Europe
Axpo Hits LNG Milestone: 100 cargoes Delivered too Europe
Axpo, a leading energy company, has reached a important milestone in its liquefied natural gas (LNG) business, delivering 100 LNG cargoes to Europe in under four years. This achievement underscores the growing importance of LNG as a reliable energy source,particularly in the wake of global energy market volatility.Between January 2020 and September 2024, Axpo delivered a total of 76.07 terawatt-hours (TWh) of LNG to European terminals, primarily in Spain, France, Italy, and Portugal. This volume is equivalent to the annual energy needs of approximately 4.7 million homes.A Strong Year for LNG
The 2023/24 financial year alone saw Axpo import 25 LNG cargoes into Europe, totaling 16.2 TWh – enough to power one million European homes for a year.”Axpo’s natural gas and LNG activities have continued to thrive over the past years and play an crucial role in providing a secure energy supply to our customers,” said Domenico de Luca, Head of Trading & Sales at Axpo.”Gas is a key bridging fuel, providing the diversification needed during the energy transition as renewable energy technologies gain scale.”
Expanding LNG Operations
Axpo has been active in the midstream and downstream natural gas and LNG sector for nearly two decades, trading and transporting gas across Europe.The companyS LNG unit boasts extensive experience supplying LNG to industrial clients and is now expanding into the burgeoning field of LNG bunkering.
LNG bunkering involves the ship-to-ship and ship-to-truck transfer of LNG, offering a cleaner and more cost-effective alternative to traditional maritime fuels. This expansion into bunkering reflects Axpo’s commitment to providing sustainable energy solutions and capitalizing on the growing demand for LNG in the shipping industry.
Axpo Celebrates LNG Milestone: 100 Cargoes Delivered to Europe
NewsDirectory3.com – Energy giant Axpo has achieved a significant milestone in its LNG operations, delivering 100 liquefied natural gas cargoes to Europe within a span of just four years.
This accomplishment highlights the mounting importance of LNG as a dependable energy source,particularly amidst the global energy market’s volatility. From January 2020 to September 2024, Axpo successfully transported 76.07 terawatt-hours (TWh) of LNG to European terminals, primarily situated in Spain, France, Italy, and Portugal. This volume equates to the annual energy demands of approximately 4.7 million households.
The 2023/24 financial year alone witnessed Axpo importing 25 LNG cargoes into Europe, amounting to 16.2 TWh – enough to power one million European homes for a year.
“axpo’s natural gas and LNG activities have continued to thrive over the past years and play a crucial role in providing a secure energy supply to our customers,” stated domenico de luca, Head of Trading & Sales at Axpo. “gas is a key bridging fuel, providing the diversification needed during the energy transition as renewable energy technologies gain scale.”
Axpo, a key player in the midstream and downstream natural gas and LNG sector for nearly two decades, actively trades and transports gas throughout Europe. the company’s LNG unit boasts extensive experiance delivering LNG to industrial clients and is now venturing into the rapidly expanding field of LNG bunkering.
LNG bunkering involves the transfer of LNG from ship-to-ship and ship-to-truck, presenting a cleaner and more cost-effective alternative to traditional maritime fuels. This expansion into bunkering underscores Axpo’s commitment to providing enduring energy solutions and capitalizing on the surging demand for LNG within the shipping industry.