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Press release

Facilities to Trafigura secures LNG supply for a Japanese utility company

Published on2 Apr 2024

Singapore, 2 April 2024 – The Japan Bank for International Cooperation (“JBIC; Governor: HAYASHI Nobumitsu”) signed on March 27 a loan agreement amounting to up to USD390 million (JBIC’s portion) with Trafigura Pte Ltd (“Trafigura”). The loan is co-financed with Sumitomo Mitsui Banking Corporation (“SMBC”), bringing the total co-financing amount approximately to USD560 million.

 

Trafigura is a major supplier of resources including liquefied natural gas (LNG) as a market leader in the global commodities industry. The loan is intended to provide the funds required for a Japanese utility company to import LNG from Trafigura on term basis. 

 

We’re delighted to have been trusted with helping a Japanese utility company meet its energy needs and securing a stable supply to the Japanese market, and are grateful for the financial support of JBIC and SMBC in achieving this goal,” said Richard Holtum, Global Head of Gas, Power and Renewables for Trafigura.

 

Amid the growing global demand for LNG and the increasing uncertainty over resource prices, the Facilities, which supports the Japanese utility company in procuring term LNG through Trafigura, will contribute toward securing a stable supply of LNG, which is an important energy resource for Japan.

 

As Japan’s policy-based financial institution, JBIC will continue to provide financial support to help secure a stable supply of important resources for Japan by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.

 

ENDS 

 

To read JBIC’s press release:

In English click here. 

In Japanese click here.

 

 

For further information please contact:

Trafigura’s Press Office: +41 (0) 22 592 4528 or media@trafigura.com

 

About Trafigura 

Trafigura is a leading commodities group, owned by its employees and founded 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through H2Energy Europe and joint venture Nala Renewables.

 

The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, and our Impala Terminals joint venture. The Group employs over 12,000 people and is active in 156 countries.

 

Visit: www.trafigura.com