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Gunvor secures US $1.125 billion sustainability-linked syndicated revolving credit facility
Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US $1.035 billion sustainability-linked, syndicated revolving credit facility (the “Facility”) on 16 June 2023. The Facility, which was launched initially at US $550 million in April 2023, benefited from strong support from a total of […]
Gunvor partners with Celcius Tankers and Arclight on new LNG tanker order
Celsius Tankers (“Celsius”) expand their partnership with Gunvor Group Ltd (“Gunvor”) in the liquefied natural gas (LNG) sector with the chartering of four highly efficient, modern LNG carriers. The vessels, to be constructed by China Merchants Heavy Industry (Jiangsu) (CMHI), will support the growing LNG activities of Gunvor, one of the leading independent LNG trading […]
Gunvor Singapore successfully closes new us $600 million borrowing base
Gunvor Singapore Pte. Ltd. (“Gunvor Singapore”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US $600 million borrowing base facility (“Facility”) to support the working capital needs of its Asian fuel oil business.
Gunvor Group Ltd updates Board of Directors
NICOSIA – Gunvor Group Ltd (“Gunvor” or the “Company”), one of the largest energy commodities trading companies in the world, has updated the composition of its Board of Directors.
Chesapeake Energy Corporate and Gunvor sign long-term LNG supply agreement indexed to JKM
Chesapeake Energy Corporation (NASDAQ: CHK) and Gunvor Group Ltd today announced that Gunvor Singapore Pte Ltd (“Gunvor”) has entered into a Heads of Agreement (“HOA”) with Chesapeake Energy Marketing L.L.C. (“Chesapeake”) a subsidiary of Chesapeake Energy Corporation. Under the HOA, Chesapeake will supply up to 2 million tonnes of LNG per annum to Gunvor with […]
Gunvor partners with yosemite clean energy on green hydrogen
HOUSTON (2 March 2023) – As part of its strategy to accelerate the energy transition, Gunvor USA LLC (Gunvor), part of the Gunvor Group, has entered into a green hydrogen Letter of Intent with Fresno, California-based Yosemite Clean Energy LLC (Yosemite), a leader in the development of biomass to green hydrogen in the state of […]
Gunvor signs new up-to-eur 240 million eu emissions borrowing base
GENEVA (27 February 2023) – Gunvor Group, a leading global physical energy trading company, has signed a new uncommitted borrowing base facility (the “Facility”) to support trading activities on the European Union Emissions Trading System (EU ETS). The Facility, which includes a EUR 100 million accordion feature, is scalable and secured, and will cover all […]
Gunvor Petroleum Rotterdam becomes Gunvor Energy Rotterdam
As a part of Gunvor Group’s commitment to support the Energy Transition, we have been making significant investments to expand our trading and transform our asset base. Gunvor Petroleum Rotterdam B.V. (GPR), an oil refinery acquired in 2016, has already begun its journey to a sustainable future. New programs are underway, including plastics recycling and […]
Vopak and Port of Antwerp-Bruges to sustainably redevelop former Gunvor site
Dutch tank storage company Vopak is acquiring the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group Ltd (“Gunvor”), giving it access to the Gunvor concession in the Antwerp port area. Vopak is committed to sustainably redeveloping the site. For example, together with the Port of Antwerp-Bruges, the company will focus on joint development/implementation […]
Industry giants gain unprecedented insight into the climate impact of their shipping activities
For the first time, some of the world’s largest energy, agriculture, mining, and commodity trading companies …
Gunvor closes us $1.565 billion lng syndicated borrowing base facility
Gunvor Group, a leading independent trader of liquefied natural gas (LNG) worldwide, has renewed its syndicated borrowing base facility (the “Facility”) to support the working capital needs of the company’s growing LNG activities globally. The syndication launched at US $1.2 billion and was oversubscribed, with strong appetite from new lenders, including more than 20 banks […]