Moving Energy
Efficiently
Search
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. The deal, announced in December 2023, has been approved by all relevant regulatory bodies, including […]Power Generation
Gunvor’s investments in power generation complements the company’s strength in natural gas, LNG and its growing power business. Gunvor has an established track record of successfully integrating and aligning industrial assets with its core physical energy trading business. Bahía De Bizkaia Electricidad Interested in working at one of our facilities? Read More
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 of His Highness Sheikh Hamad Bin Mohammed Al Sharqi, Supreme Council Member and Ruler of […]
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 with a retail network of more than 800 service stations, fuel logistics, and lubricants activities. […]
Gunvor joins VARO to jointly develop large-scale Sustainable Aviation Fuel (SAF) manufacturing facility
ZUG / GENEVA – Gunvor Group (“Gunvor”) will join VARO Energy (“VARO”) in building a large-scale SAF manufacturing facility at the Gunvor Energy Rotterdam site through a proposed joint venture. Since VARO announced on September 7, 2023 its intention to build a large scale SAF facility as a sole owner with total feedstock capacity of […]
Gunvor secures US $1.32 billion sustainability-linked syndicated RCF with over-subscription and accordion
SINGAPORE – Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Group”), has closed a US $1.2 billion sustainability-linked, syndicated revolving credit facility (“RCF” or “Facility”) on 14 June 2024. The Facility, which was launched initially at US $750 million in April 2024, benefited from strong support from […]Singapore Tax Governance Framework
Compliance with Tax Laws • We endeavour to comply with all relevant tax laws and regulations. • Our business is driven by genuine commercial and economic activities. We are aware of the importance of ensuring any tax planning opportunities are carried out within the ambit of tax laws. Relationship with Tax Authorities • We […] Read More
Gunvor and Quercus announce landmark solar development partnership in Italy
Gunvor Group and Quercus Real Assets Limited announce partnership that targets the development of up to 3 gigawatts of solar photovoltaic capacity in Italy.
Gabon National Oil Company partners with Gunvor on Assala Energy acquisition
LIBREVILLE – The Gabon National Oil Company (Gabon Oil Company), which exercised its pre-emptive rights in November 2023 and subsequently entered into a sale and purchase agreement with Carlyle in February 2024, is pleased to announce the successful completion of its acquisition of Assala Energy, an oil exploration and production company active in Gabon, whose […]Speak Up
Our Commitment If something doesn’t seem right, don’t ignore it – Speak Up Raise a concern Raise a concern: I want to raise a concern related to misconduct, where do I go? Documents Code of Conduct This Code exists to provide clarity with respect to the expectations Gunvor has of its employees and contractors. SpeakUp Policy […] Read MoreTax Governance Framework
Gunvor is committed to comply with all applicable tax laws, rules and regulations of the countries in which we operate in, both in terms of the letter but also the spirit of the law. Tax plays an important role in corporate responsibility and is overseen by the Board of Directors of Gunvor Group. Our Group […] Read MorePrivacy Notice for Suppliers, Clients, Counterparties & Prospects
The collection and processing of personal data by Gunvor Group Ltd is in full compliance with the EU General Data Protection Regulations 2016/679 and other applicable privacy laws. Read MoreBrochures & Factsheets
Moving Energy Forward Brochures & Factsheets Summaries of Gunvor’s operations and activities throughout the world Read More
Gunvor Group Results 2023
Throughout 2023, Gunvor’s focus on advanced analytics and trading systems, and an infusion of new talent and business lines, enabled the Group to effectively navigate normalizing market conditions to deliver the second strongest trading result in the Group’s history, with a net income of $1.252 billion. Read More
Gunvor Group Results 2023
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 2023: Throughout 2023, Gunvor’s focus on advanced analytics and trading systems, and an infusion of new talent and business lines, enabled the Group to effectively navigate normalizing market conditions to […]
Gunvor and Pakistan LNG Limited settle all outstanding legal proceedings
LONDON – Gunvor and Pakistan LNG Limited confirm they have now settled all outstanding legal proceedings on terms satisfactory to all concerned. The parties look forward to continuing to work together. The terms and details of the settlement are subject to confidentiality agreements. About Gunvor GroupGunvor is one of the world’s largest independent commodities trading […]
Glenfarne Energy Transition’s Texas LNG Announces LNG Offtake Agreement with Gunvor Group
HOUSTON & BROWNSVILLE – Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), has signed a Heads of Agreement (“HOA”) with Gunvor Group through its subsidiary Gunvor Singapore […]