Trafigura secures $1.5bn loan for LNG supply to Germany’s SEFE

The Singapore-based commodity trading company Trafigura has entered into a $1.5bn five-year loan agreement, supporting a contract for Trafigura to supply more than 150TWh of natural gas to SEFE Securing Energy for Europe (SEFE) over the next five years.

The loan is supported, in part, by a guarantee under the Untied Loan Guarantee (UFK) of the government of the Federal Republic of Germany, acting through the German ECA Euler Hermes Aktiengesellschaft (Euler Hermes).

The programme is a tool to secure the long-term delivery of strategic commodities to Germany.

The loan agreement was arranged by a syndicate of nine banks, with KfW IPEX-Bank acting as Facility Agent and Export Credit Agency (ECA) Co-ordinator and Agent.

This story was originally published by Shipping Telegraph. Read the full story at Shipping Telegraph →