Trafigura secures USD1.5bn German‑guaranteed loan to back 150 TWh gas supply to SEFE
- USD 1.5 billion five-year loan backs Trafigura’s contract to supply more than 150 TWh of natural gas to SEFE over the next five years.
- First delivery is scheduled for 1 November 2026, with Trafigura primarily supplying from its global gas portfolio.
- The loan is partly guaranteed under Germany’s Untied Loan Guarantee (UFK) via Euler Hermes, with KfW IPEX-Bank as Facility Agent and ECA co‑ordinator.
- A nine‑bank syndicate arranged the facility, including Commerzbank, DBS (London branch), DZ BANK, J.P. Morgan, KfW IPEX-Bank, Lloyds and OCBC.
Deal overview
Trafigura has agreed a USD1.5 billion five-year loan to support a contract to supply more than 150 TWh of natural gas to SEFE Securing Energy for Europe over the next five years.
Guarantee and banking
The facility is supported in part by a guarantee under the Federal Republic of Germany’s Untied Loan Guarantee (UFK) via Euler Hermes. The loan was arranged by a nine-bank syndicate, with KfW IPEX-Bank acting as Facility Agent and Export Credit Agency co‑ordinator and agent.
Supply and schedule
Trafigura will primarily supply SEFE from its global gas portfolio, with the first delivery scheduled for 1 November 2026.
Stakeholder comments
Trafigura said the transaction extends its relationship with SEFE and contributes to Germany’s energy security through firm deliveries. The firm also noted the deal builds on its relationship with the Federal Republic of Germany and Euler Hermes and demonstrates the role of ECA-supported financing in securing long-term commodity supply. SEFE highlighted the partnership’s role in sourcing gas from a broad range of origins and reinforcing its reliability for German and European customers.
Source: Trafigura