InCommodities pivots to U.S. gas as European volatility wanes

The company’s fiscal 2025 results fell drastically short of its €85 million to €195 million target, a victim of the calmer market conditions that have squeezed margins across the continent. To offset this decline, InCommodities is betting on the U.S. gas sector, leveraging its existing Austin office to tap into the world’s largest LNG export infrastructure. Former Gunvor executive Rich Brockmeyer has been appointed to lead this North American push.

Unlike its previous focus on European power volatility, the move into physical gas allows the firm to manage complex transportation, storage, and supply chains. This expansion aligns with a broader industry trend where traders seek revenue stability through LNG-linked markets and renewable energy services. Beyond the U.S., the firm is diversifying into Japan’s power market, where it recently executed its first futures trades, and is scaling its European renewable advisory business to help developers manage the price risks inherent in wind and solar power.