LNG

Venture Global LNG has agreed to sell about 0.5 mtpa of US LNG to commodity trader Trafigura for five years starting in 2026. The contract highlights how traders are locking in flexible US LNG volumes to brace for the risk of a protracted halt of shipments out of Qatar.

Trafigura has agreed to supply 1.5 mtpa of LNG to Korea Gas Corp (KOGAS) over ten years, beginning in 2026. Deliveries will include cargoes sourced from Cheniere Energy.

June 6 (LNGJ) - Trafigura, a market leader in the global commodities industry including LNG, petroleum and other products, said near-term supply chain disruptions would persist including “ongoing threats in the Red Sea” causing markets to remain “vulnerable to sudden shocks and price spikes” in the months ahead. Trafigura, headquartered in Singapore, issued the warning in its half-year earnings report. Trafigura registered a half-year net profit to the end of March of $1.47 billion compared with “an exceptional first-half period in 2023 when the group recorded a net profit of $5.54Bln in “highly volatile” energy markets.

   Revenues in the half-year dropped to $124.19Bln compared with $131.33Bln in the same half-year of 2023. Trafigura said that total traded volumes of oil and petroleum products, including natural gas and LNG, were around 7.2 million barrels per day equivalent, 15 percent above the previous year’s level. “This was mainly due to higher trading volumes in crude oil, driven by our supply and marketing agreements with refineries in Europe,” said the firm. “In non-ferrous metals, volumes were almost unchanged year-on-year at 10.4 million tonnes, while bulk mineral volumes rose 25 percent to 54.7MT due to an increase in iron ore,” added Trafigura.

May 8 (LNGJ) - Trafigura Group, a market leader in the global commodities industry including LNG, petroleum and other products, has expanded its proposed acquisition of biofuels firm Greenergy from Brookfield Asset Management to include Greenergy’s Canadian supply operations as well as those in Europe.

   Trafigura said the acquisitions are subject to customary closing conditions and regulatory approvals. Greenergy is one of Europe’s largest suppliers of biofuels with manufacturing plants in the UK and the Netherlands and is a leading distributor of road fuels in the UK. Greenergy entered the Canadian market in 2013 and supplies commercial and wholesale customers in Ontario and British Columbia.

Trafigura, the commodities trading firm with offices in the main trading centres of the Americas, Asia and Europe, has signed a long-term liquefied natural gas agreement with the largest Canadian natural gas producer Tourmaline.

Trafigura, the global commodities trading firm, said its traded liquefied natural gas volumes declined slightly in the past year and while market volatility had eased the energy supply chain remained “brittle” amid changing inventories and continuing geopolitical concerns.

The leading global commodities trader Trafigura has underpinned its trading pot by renewing its North American credit facility with over $4.5 billion of total commitments to help finance its growing trades in key US shale basins as it also boosts its LNG position in Europe.

Trafigura, the global commodities company and a liquefied natural gas market player, has entered a $3 billion loan deal for four years and underwritten by the German Federal Government to help secure LNG cargoes for Germany.

Global commodities firm Trafigura said in its fiscal 2021 report that revenues, earnings and liquefied natural gas volumes increased amid rising prices, partly because of stronger LNG demand from Asia due to low hydropower reserves this year in China and also lower coal production.

GasLog Partners, the Greek LNG shipping company with a fleet of 15 vessels, reported a third-quarter increase in revenues and profits as global demand gathered pace.