Six One Commodities LLC widens power, gas business to Europe

 KUALA LUMPUR, Sept 30 -- Six One Commodities LLC (61C) is expanding its power and gas business to Europe with the addition of a power team out of Berlin, led by Ingo Klause.

Klause has over two decades of experience in the CWE region for power trading. He worked for the Swedish utility Vattenfall as a lead trader and head of cross border trading and built successful trading strategies together with his team.

Six One Commodities US LLC (EU Trading) is an affiliate of Six One Commodities Global LLC and will be based in Berlin.

According to Klause in a statement, the team is well positioned to help 61C expand into Europe.

“A rapidly changing supply side will require strong analytical skills to navigate the implications for generation margins and location and time spreads across individual national power markets.

“Building, maintaining, and adjusting a comprehensive model will be critical when trying to capture these fundamental price shifts, and we are the team that can provide that capability,” he said.

Earlier in the year, 61C launched its LNG business in Asia by hiring an LNG team out of Singapore, led by Delia Proteasa to meet the region’s needs.

-- BERNAMA