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Category Gunvor Group
Genesis Fertilizers and Gunvor Pursuing Partnership to Secure Natural Gas Supply, DEF Offtake, and Carbon Credits Monetization
Strategic alignment would secure critical feedstock, product offtake, and sustainability value as Genesis Fertilizers advances toward a low-carbon production future in Western Canada SASKATOON – Genesis Fertilizers is pleased to announce the signing of a commercial Letter of Intent (LOI) with…
AMIGO LNG Signs 20-Year LNG SPA with GUNVOR to Deliver Reliable, Competitive Energy to Global Markets
SINGAPORE — AMIGO LNG S.A. de C.V. (“AMIGO LNG”), the Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, today announced the signing of a definitive Long-Term Sale and Purchase Agreement (SPA) with Gunvor Singapore Pte Ltd…
Gabon National Oil Company successfully closes Tullow Oil Gabon asset acquisition
LIBREVILLE – Gabon National Oil Company (GOC) is pleased to announce the successful completion of the acquisition of 100% of the shares in Tullow’s subsidiary, Tullow Oil Gabon S.A, for a total cash consideration of USD 307 million of net…
PureWest and Gunvor Group Partner to Accelerate Use of Verified Low-Carbon Gas Solutions
Innovative Approach Focused on Delivering Impactful and Measurable Decarbonization Results PureWest Energy, LLC (“PureWest”), a leading Rocky Mountain independent natural gas producer recognized for its low methane and carbon emission rates, and Gunvor USA LLC, a member of Gunvor Group (“Gunvor”), one of…
Gunvor Group Results 2024
Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading companies, today announces the following financial information for the year ended 31 December 2024: Revenue: US $136 billionVolumes: 232 million MTGross profit: US $1.8 billionNet profit after taxes:…
Akaysha Energy and Gunvor Group Sign Landmark Offtake Agreement for Australian Large Scale Battery Storage
Brisbane, Australia – Akaysha Energy, a market leader in large-scale battery energy storage systems (BESS), and Gunvor Group a global energy powerhouse, are pleased to announce a long term Offtake Agreement for Akaysha’s large scale Battery Energy Storage System (BESS),…
Gunvor USA upsizes Credit Facility to US $2.3 billion
HOUSTON – Gunvor USA LLC, an indirect wholly-owned subsidiary of Gunvor Group Ltd, has successfully closed the syndication of its US $2.34 billion uncommitted borrowing base credit facility. The facility, which benefited from strong oversubscription, includes a US $1.75 billion…
Gunvor completes acquisition of 75% stake in Spanish power plant from bp
BILBAO – Gunvor Group (“Gunvor”), a leading global independent energy trading company, has completed the acquisition of a 75% ownership stake in Bahía De Bizkaia Electricidad S.L. (“BBE”), a 785MW combined cycle power plant located in Bilbao, Spain from bp.…
Gunvor Chairman honored with Aramco Trading “New Silk Road CEO of the Year Award” 2024
FUJAIRAH – Gunvor Group Co-founder and Chairman, Torbjörn Törnqvist, has been honored with the Aramco Trading “New Silk Road CEO of the Year Award” 2024, given on the occasion of the 12th Fujairah Energy Markets Forum. Held under the patronnage…
Gunvor acquires TotalEnergies shares in Total Parco in Pakistan
LAHORE – Gunvor Group, a leading global commodities trading company, has signed an agreement to purchase TotalEnergies’ 50% stake in Total PARCO Pakistan Limited (TPPL). TPPL is a 50/50 joint venture between TotalEnergies Marketing and Services and Pak-Arab Refinery Limited (PARCO) in Pakistan…