Danish Trader Joins RWE, Shell in Japan Power Expansion [Financial Post (Toronto, Ontario, Canada)]
RWE AG ORD S/ADR (RWEOY)
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Source: Financial Post
Author of the article: (Bloomberg) — Danish energy trader Danske Commodities A/S has completed its first trades in the Japanese market, joining an expansion by European peers from RWE AG to Shell Plc. The firm's first deals were completed by its APAC power trading desk in Singapore, which is also active in the Australian market, the company said in a statement. DC, as it's known in the industry, is also looking at other opportunities in the region for growth, said Jesper Tronborg, vice president and head of global trading and market development. Article content Article content The potential of the Japanese market has not gone unnoticed by other European traders. BP recently received a permit to operate there, while Goldman Sachs Group Inc. has also entered. Japanese power consumption is twice that of Germany, Europe's biggest and most liquid market. Read: BP Joins Rivals in Japan Power Market as Trading Volumes Rise Volumes on the European Energy Exchange AG's Japanese
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