Trafigura Signs $3b Loan Agreement Guaranteed by the Federal Republic of Germany

Source: www.gulfoilandgas.com 12/5/2022, Location: Europe

Trafigura, a market leader in the global commodities industry, has entered into a USD3 billion four-year loan jointly arranged and underwritten by Deutsche Bank and another international bank and syndicated to a number of participating banks. Over 25 banks participated in the successful syndication which was 1.6 times oversubscribed.

The loan is secured, in part, by a guarantee under the Untied Financial Loan program (UFK) of the government of the Federal Republic of Germany acting through the German Export Credit Agency (ECA) Euler Hermes Aktiengesellschaft. The program is a tool to secure the long-term delivery of strategic commodities to Germany.

The loan will support a new commitment by Trafigura to deliver substantial volumes of gas into the European gas grid, and ultimately into Germany, over the next four years. Trafigura will supply the gas to Securing Energy for Europe (SEFE), which was recently recapitalised by the German government. The first gas delivery took place on 1 November 2022 and Trafigura will primarily use existing quantities from its global gas and LNG portfolio to help secure gas supplies to SEFE. The agreement included a review of Trafigura’s environmental, social and governance (ESG) policies and performance.

“We are proud to be contributing to Europe’s energy security by supplying this significant volume of gas to Germany backed by our extensive portfolio and long term US LNG contracts,” said Richard Holtum, Head of Gas and Power Trading for Trafigura.


Argentina >>  2/2/2023 - Echo Energy, the Latin American focused energy company, is pleased to provide the following commercial update regarding the Company's gas sales from t...
Egypt >>  2/1/2023 - Damietta LNG facility has successfully produced and loaded its 500th LNG cargo from start-up of operations in 2005. Since its restart in 2021, Damiett...

Oman >>  1/30/2023 - Türkiye and Oman signed an LNG supply agreement, which envisages cooperation in the field of natural gas. At the ceremony held on January 30, 2023 und...
United States >>  1/30/2023 - Chesapeake Utilities Corporation received approval from the Florida Public Service Commission to provide natural gas service to approximately 4,000 ne...

Netherlands/Holland >>  1/27/2023 - Intercontinental Exchange, Inc., a leading global provider of data, technology, and market infrastructure, announced how it intends to implement the E...
Tanzania >>  1/25/2023 - Wentworth, the independent, Tanzania -focused natural gas production company, announces that the Operator of the Mnazi Bay asset has informed the Comp...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.