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Gunvor secures usd 1.645 billion sustainability-linked, multi-currency revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.645 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility received strong support from both existing and new banking partners, increasing the total amount of the facility from the previous year. The RCF […]
Gunvor usa closes us $1.45 billion borrowing base facility
Gunvor USA LLC (“Gunvor USA” or “the Company”), a subsidiary of Gunvor Group Ltd (“Gunvor” or “the Group”), has successfully closed the syndication of its US $1.45 billion uncommitted borrowing base credit facility (“the Facility”). The Facility includes a US $1.16 billion one-year tranche, a US $290 million two-year tranche, and a US $500 million […]
World first as physical oil trade confirmations are digitalised using VAKT
VAKT today announces that the first-ever physical oil trade confirmations are being conducted using the VAKT technology. Gunvor Group and TotalEnergies Trading SA (TOTSA) lead this industry first, with more counterparties to follow. This digitised transaction is a milestone for the oil trading industry. Due to the complexity of physical oil trades, the contracting process has traditionally been manual and intricate. […]
Gunvor successfully increases obsi revolving credit facility to usd 990 million
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 990 million Off Balance Sheet Instruments Revolving Credit Facility (“Facility”) in favor of Gunvor SA, Gunvor International B.V., Gunvor Deutschland GmbH, Gunvor Singapore Pte. Ltd., Gunvor Raffinerie Ingolstadt GmbH and Gunvor Petroleum Rotterdam B.V.. The Facility received strong support from Gunvor’s banking and institutional […]
Pertamina Subholdings Gas and Gunvor partners on global LNG supplies
PT PGN Tbk as Pertamina Subholding Gas (PGN), which is committed to immediately realizing the potential of its natural gas and liquefied natural gas (LNG) trading in the international market, has established a collaborative partnership with Gunvor Singapore Pte. Ltd. (Gunvor), under which PGN and Gunvor will carry out the sales and purchase of LNG […]
Air Products and Gunvor to Cooperate on Green Hydrogen Import Terminal in Rotterdam
Air Products (NYSE:APD) and Gunvor Petroleum Rotterdam (GPR), a wholly-owned subsidiary of Gunvor Group (Gunvor), have signed a joint development agreement for an import terminal in Rotterdam. The agreement responds to the accelerating demand for green energy sources to meet climate objectives and the need to diversify energy sources. The import terminal is expected to […]
Gunvor secures us$912 million sustainability-linked asia rcf with oversubscription
SINGAPORE (23 June 2022) – Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US$912 million sustainability-linked, syndicated revolving credit facility (the “Facility”) on 20 June 2022. The Facility, which was launched initially at US$500 million in April 2022, benefited from strong support from […]
Industry giants gain unprecedented insignt into the climate pact of their shipping activities
For the first time, some of the world’s largest energy, agriculture, mining, and commodity trading companies publish the climate alignment of their shipping activities and gain access to new data that will allow them to work with their business partners in driving carbon efficiency and reductions and align their chartering activities with climate action goals. […]
Energy Transfer Signs LNG Sale and Purchase Agreement With Gunvor
Energy Transfer LNG Export to supply LNG to Gunvor Singapore Pte from its Lake Charles LNG Export Facility Under 20-year Agreement Energy Transfer LP (NYSE: ET) and Gunvor Group Ltd today announced that Gunvor Singapore Pte Ltd (Gunvor) has entered into an LNG Sale and Purchase Agreement with Energy Transfer LNG Export, LLC (Energy Transfer […]
Gunvor group appoints jeff webster as group cfo
Gunvor Group, one of the largest physical energy trading companies in the world, has appointed Jeff Webster as Group Chief Financial Officer (CFO). Jeff will be based in Geneva, Switzerland, and will serve on the Executive Committee. Jeff has more than 20 years of experience in the banking and trading sectors, most recently serving as […]
Gunvor Group Results 2021
The Group had gross profit of US $1.544 billion for the year, posting after tax net profit of US $726 million, more than double the 2020 earnings of US $320 million. Trading volumes increased to 240 million MT of commodities, up from 191 million MT the year prior. Gunvor generated revenue of US $135 billion, compared with US $50 billion the year prior, reflecting increases in the traded volumes and the price of commodities. Read More
Gunvor statement regarding the war in ukraine
Gunvor Group unequivocally condemns the war in Ukraine and the senseless violence taking place against the civilian population. While Gunvor has a history working in Russia, the company’s trading today has no material exposure to the country. Since 2014, Gunvor has been majority owned by the company’s Chairman and CEO, Torbjörn Törnqvist, who today holds […]
Gunvor completes first samurai loan
Gunvor Group, one of the largest independent commodities trading companies in the world, has successfully closed a JPY27 billion (approximately US $236 million) 3-year term loan, representing the company’s first Japanese Yen (JPY) denominated transaction (“Samurai” loan). The facility was the first syndicated Samurai loan on the market to be linked to TONA, the successor […]
Gunvor invests in renewable natural gas business
Gunvor Group (“Gunvor”), one of the largest physical natural gas, LNG and commodities trading houses worldwide, has agreed to make an equity investment in a PIPE supporting a business combination between OPAL Fuels LLC (“OPAL Fuels”), and ArcLight Clean Transition Corp. II (Nasdaq: ACTD) (“ArcLight”). OPAL Fuels LLC is a leading, vertically integrated producer and […]
Gunvor secures new us $1.135 billion lng syndicated borrowing base facility
First of its kind LNG facility includes scope 1, 2, and 3 emissions measurement commitments Gunvor Group, the largest independent trader of liquefied natural gas (LNG) worldwide, has signed a new 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 […]
Gunvor closes first sustainability-linked US $1.455 billion European RCF
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.455 billion sustainability-linked revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility received strong support from Gunvor’s banking partners and attracted new banks, increasing the total facility amount from the previous year. The RCF will be […]
Gunvor closes first sustainability-linked usd 1.455 billion european revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.455 billion sustainability-linked revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility received strong support from Gunvor’s banking partners and attracted new banks, increasing the total facility amount from the previous year. The RCF will be […]