Elektron opportunistically considers energy trades that are complimentary to its business interests and for which it believes can leverage certain of its key strategic and financing relationships to bridge near-term supply/ demand gaps.
The Company’s energy trading expertise includes physical petroleum products, on spot or term contracts, and crude-oil offtakes. In 2014, Elektron entered into a strategic partnership with Vitol SA and the Antwerp Processing Company to secure marketing rights and trade Nigerian crude oil.
Elektron is equally versed in power trading opportunities and is increasingly relying on such prospects to bridge power supply gaps in the region while reducing the need for meaningful upfront capital expenditures to deploy more physical asset.