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.
The lending banks include Commerzbank AG, DBS Bank Ltd, London branch, DZ BANK AG, J.P. Morgan, KfW IPEX-Bank, Lloyds and Oversea-Chinese Banking Corporation Limited.
Trafigura said will primarily supply SEFE from its global gas portfolio, with the first delivery scheduled for 1 November, 2026.
