Trafigura Secures $400 Million Loan Facility to Purchase LNG from US Exporters
(Reuters) — Commodity trader Trafigura on Wednesday said it has secured two revolving credit facilities totaling $400 million, supported by insurance from the Export-Import Bank of the United States.
The funds will be used to buy LNG cargoes from U.S. exporters and supply to customers mainly in Europe, providing energy security by substituting Russian gas due to the war in Ukraine, the company said.
The agreements were signed after the U.S. EXIM Board of Directors approved two Financial Institution Buyer Credit (FIBC) policies for short-term facilities provided to Trafigura, it said.
"We're delighted to have successfully closed the first LNG-based facilities backed by US EXIM's FIBC insurance policy, which supports American jobs by facilitating U.S. exports," said Christophe Salmon, Trafigura's Group Chief Financial Officer.
Citibank acted as agent for the loan facility.
Related News
Related News

- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
- Phillips 66 to Sell $865 Million Stake in 500-Mile Gulf Coast Express Pipeline to ArcLight
- NDT, Aramco to Launch 56-Inch Inspection Tool
Comments