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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 […]

Gunvor upsizes innovative natural gas facility to eur 570 million

Natural gas facility sees doubling of support from financing partners Gunvor Group (“Gunvor” or “the Company”) has successfully closed a EUR 570 million working capital transaction (the “Facility”), which consists of a syndicated, pan-European natural gas repo facility covering multiple jurisdictions in Europe with a shared security package. Eight banks supported the Facility, including four […]

Gunvor secures US $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 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 […]