Trafigura marks a USD 3 billion loan agreement to secure gas supply guaranteed by the Federal Republic of Germany

The four-year loan with Trafigura for gas supplies was collectively planned and underwritten by Deutsche Bank AG and another bank

Trafigura, the world’s leading independent commodity trading and logistics businesses, have entered a USD 3 billion four-year loans, collectively planned and underwritten by Deutsche Bank and another international bank and syndicated to a selection of participating banks. More than 25 banks participated in the successful syndication which was 1.6 times oversubscribed.

Source: @Trafigura

In part, the loan is secured, by a guarantee under the Untied Financial Loan program (UFK) of the government of the Federal Republic of Germany acting via the German Export Credit Agency, Euler Hermes Aktiengesellschaft.

With its extraordinary staff of almost 6,000, Euler Hermes Aktiengesellschaft offers a distinct array of services:

• Investments
• Loan Guarantees
• Exports

Export Credit Guarantees and Untied Loan Guarantees have been well-founded and tested and analyzed foreign trade promotion instruments of the German Federal Government for decades. The Untied Financial Loan program and Export Credit Agency (ECA) are managed on behalf of the Federal Republic of Germany by Euler Hermes Aktiengesellschaft as a mandatory of the Federal Government. The program is a device to ensure the long-term delivery of strategic commodities in Germany.

Over the next four years, the loan will strengthen a new commitment by Trafigura to deliver sizeable volumes of gas into the European gas grid, and eventually into Germany. Trafigura will source the gas to Securing Energy for Europe (SEFE), which was newly recapitalized by the German government. The first gas delivery took place on 1 November 2022 and Trafigura will predominantly use existing quantities from its global gas and LNG portfolio to assist secure gas supplies to SEFE. The agreement consists of an analysis of the company’s environmental, social, and governance (ESG) performance and policies.

“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, Global Head of Gas and Power Trading at Trafigura.

About Trafigura

One of the world’s largest independent oil and petroleum products traders, founded in 1993. At the heart of global supply, Trafigura connects critical resources to power and to build the ecosystem.

Across its global network, it deploys infrastructure, logistics, and financing to connecting producers and consumers, bringing greater transparency and trust to complex supply chains. It invests in clean energy solutions required for the energy transition to a low-carbon future. As an employee-owned company, its people are empowered and care about addressing the challenges of a rapidly changing world.

Through its oil, metals, power & renewables, and shipping divisions, Trafigura has built a global trading operation. As one of the world’s largest independent trading companies, connecting counterparties around the world.

Trafigura also owns and runs several industrial assets comprising multi-metals producer- Nyrstar and fuel storage and distribution company – Puma Energy, and joint ventures Impala Terminals – a port and logistics provider, and Nala Renewables – a power, renewable energy investment, and a development platform. Trafigura employs over 13,000 people operating in 48 countries.