About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers. The company, which in 2022 generated U.S. $150 billion in revenue on 165 million MT of volumes, is the leading independent global trader of liquefied natural gas (LNG).

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“We’re thrilled to welcome Gunvor to our portfolio of customers, connecting Texas LNG, one of the lowest-emitting liquefaction facilities in the world, with global economies in need of reliable, sustainable energy,” said Brendan Duval, CEO and Founder, Glenfarne Energy Transition and Co-President of Texas LNG.

“With the previously announced commencement of the execution phase of the project financing process, this agreement aligns with our plan to take a final investment decision on Texas LNG this year,” said Vlad Bluzer, Co-President of Texas LNG.

“We are pleased to have executed this agreement and become one of the foundation buyers of the Texas LNG project. Gunvor continues to support US LNG export projects, unlocking new supplies for the global energy market and providing energy security especially to our customers in Europe and Asia” said Kalpesh Patel, Co-Head of LNG Trading of Gunvor.

Today’s news follows Texas LNG’s recently announced LNG tolling agreement with EQT Corporation (“EQT”). Texas LNG also recently announced partnerships with Baker Hughes, ABB and Gulf LNG Tugs of Texas. These partnerships total nearly one billion dollars of investment into the project.

Glenfarne Energy Transition, a developer, owner, and operator of energy transition infrastructure, is the majority owner and managing member of Texas LNG. Texas LNG will achieve financial close and begin construction in 2024 commencing commercial operations in 2028. Glenfarne Energy Transition is also the sole owner and developer of the 8.8 MTPA Magnolia LNG in Lake Charles, Louisiana.

About Texas LNG
Texas LNG is a 4 MTPA LNG export facility to be constructed in the Port of Brownsville, Texas and a subsidiary of global energy transition leader, Glenfarne Energy Transition, LLC. Texas LNG is led by an experienced team committed to creating one of the cleanest, lowest emitting LNG export facilities in the world through electric motor drives. Additional information about Texas LNG may be found on its website at www.texaslng.com

About Glenfarne Energy Transition, LLC
Glenfarne Energy Transition is a wholly owned subsidiary of Glenfarne Group, a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas, with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul, South Korea. Glenfarne Energy Transition aims to address the “here and now” global energy transition through three core businesses: Global LNG Solutions, Renewables, and Grid Stability. The company’s seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America. For more information, please visit www.GlenfarneEnergyTransition.com

About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers. The company, which in 2022 generated U.S. $150 billion in revenue on 165 million MT of volumes, is the leading independent global trader of liquefied natural gas (LNG).

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Under the SPA, Chesapeake will purchase approximately 0.5 million tonnes (“mtpa”) of LNG per annum from Delfin at a Henry Hub price and contract targeted start date in 2028 then deliver to Gunvor on an FOB basis with the sales price linked to the Japan Korea Marker (“JKM”) for a period of 20 years. These volumes will represent 0.5 mtpa of the previously announced up to 2 mtpa HOA with Gunvor.

Nick Dell’Osso, Chesapeake President and CEO, said, “Today’s announcement cements an important step on our path to ‘Be LNG Ready’ and is further recognition of the depth of our portfolio and strength of our financial position. We are pleased to formalize our agreement which provides diversification and access to global LNG pricing while enabling the delivery of affordable, reliable, lower carbon energy to markets in need.”

Dudley Poston, Delfin CEO, said: “We are excited to partner with a premier company like Chesapeake. We believe our unique liquefaction solution provides Chesapeake with commercial flexibility with a reduced environmental footprint, while providing a much-needed source of additional supply to key US allies and the global LNG market.”

Kalpesh Patel, Co-Head of LNG Trading and a member of the Executive Committee of Gunvor, said, “This deal represents an important step in finalizing the 0.5 mtpa out of our total of 2.0 mtpa arrangement with Chesapeake, while expanding our existing cooperation with Delfin. We continue to provide reliable and competitive logistics services to our partners by utilizing our fleet consisting of vessels procured via term charters and equity ownership. Gunvor looks forward to establishing additional agreements with the companies in the near future.”

About Chesapeake
Headquartered in Oklahoma City, Chesapeake Energy Corporation (NASDAQ:CHK) is powered by dedicated and innovative employees who are focused on discovering and responsibly developing leading positions in top U.S. oil and gas plays. With a goal to achieve net zero GHG emissions (Scope 1 and 2) by 2035, Chesapeake is committed to safely answering the call for affordable, reliable, lower carbon energy.

About Delfin
Delfin is a leading LNG export infrastructure development company utilizing low-cost Floating LNG technology solutions. Delfin is the parent company of Delfin LNG LLC (“Delfin LNG”) and Avocet LNG LLC. Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to four FLNG Vessels producing up to 13 million tonnes of LNG per annum. Delfin purchased the UTOS pipeline, the largest natural gas pipeline in the Gulf of Mexico. Delfin LNG received a positive Record of Decision from MARAD and approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States. Further information is available at www.delfinmidstream.com.

About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers. The company, which in 2021 generated U.S. $135 billion in revenue on 240 million MT of volumes, is the leading independent global trader of liquefied natural gas (LNG).

Forward-Looking Statements

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than statements of historical fact and include, but are not limited to, our ability to “Be LNG Ready” and to provide diversification and access to global LNG pricing while delivering affordable, reliable, lower carbon energy to markets in need. Forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as “expect,” “could,” “may,” “anticipate,” “intend,” “plan,” “ability,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “guidance,” “outlook,” “opportunity” or “strategy.” Although we believe the expectations and forecasts reflected in our forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time.

Factors that could cause our actual results to differ materially from expected results include those described under “Risk Factors” in Item 1A of our annual report on Form 10-K and any updates to those factors set forth in Chesapeake’s subsequent quarterly reports on Form 10-Q or current reports on Form 8-K which are available on its website at http://investors.chk.com. These risk factors include: the impact of inflation and commodity price volatility resulting from instability in Europe and the Middle East, COVID-19 and related supply chain constraints, and the impact of each on our business, financial condition, results of operations and cash flows.

We caution you not to place undue reliance on the forward-looking statements contained in this release which speak only as of the date of this release, and we undertake no obligation to update this information, except as required by applicable law. We urge you to carefully review and consider the disclosures in this release and our filings with the SEC.

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Under the SPA, Delfin LNG will supply between 0.5 to 1.0 million tonnes of LNG per annum to Gunvor on a free-on-board (“FOB”) basis at the Delfin Deepwater Port, located 40 nautical miles off the coast of Louisiana for a minimum duration of 15 years.

Kalpesh Patel, Co-Head of LNG Trading of Gunvor said: “We continue to support US LNG projects and unlock new sources to meet the growing global LNG demand while further expanding our supply portfolio. We look forward to a successful, long-term relationship with the Delfin LNG team as their project continues to progress.”

Dudley Poston, CEO of Delfin said: “We are very pleased to have entered into a major long-term LNG supply agreement with Gunvor. This latest sale and purchase agreement further demonstrates our attractiveness as a long-term source of scalable, reliable, and clean LNG.”

Delfin has successfully been developing the Delfin LNG Deepwater Port project, which can support four FLNG vessels with a combined export capacity of up to 13.3 million tons per annum (“MTPA”). The Company has secured commercial agreements for LNG sales and liquefaction services and is in the final phase towards FID on its first three FLNG vessels.

About Delfin
Delfin is a leading LNG export infrastructure development company utilizing low-cost Floating LNG technology solutions. Delfin is the parent company of Delfin LNG and Avocet LNG LLC. Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to four FLNG Vessels producing up to 13.3 MTPA of LNG. Delfin purchased the UTOS pipeline, the largest natural gas pipeline in the Gulf of Mexico. Delfin LNG received a positive Record of Decision from MARAD and approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States. Further information is available at www.delfinmidstream.com.

About Gunvor Group
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure—refineries, pipelines, storage and terminals —Gunvor further generates sustainable value across the global supply chain for its customers. In 2022, Gunvor Group generated US $150 billion in revenue on 165 million metric tons of turnover. The Group’s main trading offices are in Geneva, Singapore, Houston, Stamford, Calgary, Dubai, and London, with a network of more than 20 representative and other trading offices around the globe. More information can be found at gunvor.group or @Gunvor.

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Celsius has formed a joint venture with an affiliate of ArcLight Capital Partners (“ArcLight”), a leading middle-market infrastructure investor, to fund two of the LNG carriers. Gunvor will have a significant equity interest in the other two newbuildings, the first for any independent LNG trading company, demonstrating the strength of Gunvor’s global position in the LNG market. All four vessels will enter long-term time charters with Clearlake Shipping, a subsidiary of Gunvor. Delivery will take place during 2026 and 2027.

Celsius and Gunvor are committed to push boundaries for available design improvements to reduce environmental impact. These vessels’ highly efficient design minimize​s CO2 emissions and methane slip from operations via installation of air lubrication, enhanced reliquefication capacity, optimization of hull shape and use of the best available paint system to reduce the vessels’ friction in water. The vessels will be built to ABS class with Enviro+ notation for improved criteria for environmental protection.

Operational experience from Celsius’ current vessels demonstrates the efficiency of this design. The new order for four vessels at CMHI will be similar to the “ultra eco” Celsius vessels on order in Korea with improvements for emissions and reduced fuel consumption. The new vessels will be fitted with ME-GA propulsion.

Gunvor’s Co-Head of LNG, Kalpesh Patel, remarked: “We are very pleased to further expand our relationship with Celsius while demonstrating our commitment to the industry, both as charterers and now through our first major equity investment in LNG carriers. Importantly, these vessels are in line with Gunvor’s commitment to cut Scope 1 and 2 emissions by 40% by 2025. We have further committed to convert 100% of our fleet to eco-vessels by 2027. Gunvor imposes strict Carbon Intensity ratings in our vetting process, and these efficient vessels are critical for Gunvor as we strive to deliver physical energy to our customers with the lowest possible carbon footprint.”

Celsius Chairman, Jeppe Jensen, said: “We are very pleased to continue the growth of the LNG fleet and to expand the relationship with Clearlake and Gunvor. Celsius Copenhagen, our first LNG carrier, was delivered to Clearlake in 2020, and the relationship with Clearlake has further strengthened with this latest transaction. We are very pleased to further develop this business and to continue to deliver competitive and efficient services to Clearlake and Gunvor Group Ltd.”

With this transaction, Celsius Tankers’ LNG fleet now counts 18 x 180,000 CBM vessels technically managed in-house by Celsius Tech Limited.

ArcLight Partner, Lucius Taylor, commented: “This investment is highly complementary to ArcLight’s thesis in strategic natural gas infrastructure.  We are excited to partner with Celsius, a highly sophisticated ship owner and operator with industry leading ESG credentials.”

About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — and in shipping assets that together complement our core trading activity and generate sustainable value across the global supply chain for our customers. The company, which in 2022 generated US $150 billion in revenue on 165 million MT of volumes, is also one of the leading independent global traders of liquefied natural gas (LNG).

About Celsius Tankers
Celsius Group is a leading ship owner and operator focusing on sustainable, infrastructure-like investments and special opportunities within the maritime industry. Celsius Group has a diversified fleet of +40 vessels across LNGCs, Product & Chemical Tankers as well as Container Feeders including newbuildings on order. Celsius Tankers’ LNGC fleet now totals 18 ultra efficient vessels, four vessels in operation and 14 Newbuildings on order. Celsius Group has an active approach to ESG including employee well being, reduction in carbon emissions and health & safety. Celsius Group has committed to the UN sustainable Development Goals with special focus on climate action, decent work and economic growth and life below water.

About ArcLight
ArcLight Capital Partners, LLC is an experienced, middle-market, value add infrastructure investment firm. Founded in 2001, ArcLight helped establish infrastructure as an asset class by pioneering an asset-based private equity approach to investing in infrastructure and has since built an experienced and successful investment platform. Based in Boston, U.S.A., ArcLight’s investment team employs a value-added, operationally intensive investment approach that benefits from its dedicated in-house technical, operational, and commercial specialists and partners, as well as the firm’s approximately 1,800-person asset management operational partner. More information about ArcLight can be found at www.arclight.com.

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Under the HOA, Chesapeake will supply up to 2 million tonnes of LNG per annum to Gunvor with the purchase price indexed to Japan Korea Marker (“JKM”) for a period of 15 years. Following the execution of the HOA, Chesapeake and Gunvor will jointly select the most optimal liquefaction facility in the United States to liquify the gas produced by Chesapeake and deliver the LNG to Gunvor on a Free-on-Board (“FOB”) basis with a targeted start date in 2027.

Nick Dell’Osso, Chesapeake President and Chief Executive Officer, said “This agreement reflects the powerful combination of the premium rock, returns, and runway of our competitively positioned Haynesville natural gas assets combined with the strength of our balance sheet and financial position to securely supply global LNG markets. We are pleased to partner with Gunvor, a leading global commodity and energy logistics company with a deep LNG track record, to deliver independently certified reliable, affordable, lower carbon energy to markets in need. Today marks an important initial step on our path to being LNG ready and we look forward to entering into additional agreements while export capacity continues to come online.”

Kalpesh Patel, Co-Head of LNG Trading and a member of the Executive Committee of Gunvor, said: “We are excited to establish this partnership with Chesapeake which will further enhance our global LNG portfolio. Our trading expertise together with our robust shipping fleet will not only contribute to the competitive shipping costs but  also ensure reliable offtake operations for Chesapeake and the liquefaction facility which we will jointly select. We very much look forward to the long-term relationship with Chesapeake.”

About Chesapeake
Headquartered in Oklahoma City, Chesapeake Energy Corporation is powered by dedicated and innovative employees who are focused on discovering and responsibly developing our leading positions in top U.S. oil and gas plays. With a goal to achieve net zero GHG emissions (Scope 1 and 2) by 2035, Chesapeake is committed to safely answering the call for affordable, reliable, lower carbon energy.

About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers. The company, which in 2021 generated US $135 billion in revenue on 240 million MT of volumes, is the leading independent global trader of liquefied natural gas (LNG).

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The Facility, which was inaugurated last year, has been structured around Gunvor’s global LNG trade flows, including shipping activities, and will finance physical and derivative positions. As a part of the Facility, Gunvor has committed to CO2 carbon emissions reporting to establish transparency for the carbon footprint of the company’s LNG value chain.

“The very strong interest this financing has received from such a diversified pool of lenders reflects the global nature of Gunvor’s LNG activity,” said Tawfik Sadfi, Head of Structured Trade Finance at Gunvor Group. “LNG has secured a place as strategic commodity for both the Energy Transition and energy security.”

“The successful refinancing and increase of this Facility underscores the extent to which a growing number of banks recognize LNG as part of the mainstream commodities market,” said Gertjan Lagerwerf, Director Rabobank Trade & Commodity Finance – Energy. “LNG has an important role in assuring energy security for many countries amid the current challenging geopolitical circumstances.”

Ludivine Labarre, Global Head of Trade Commodity Finance at Societe Generale, added: “This landmark LNG borrowing base Facility embodies the long-term strategic move of Gunvor to support LNG transitional commodities contributing to both low-carbon future and energy security. Gunvor’s clearly defined trading strategy and business model, hand-in-hand with its sustainability commitments, continue to attract market confidence while paving the way for new ESG commitments linked to LNG activity.”

Gunvor continues to uphold its commitments to define and communicate all greenhouse gas emissions related to its LNG trades. The latest information is published in the company’s annual Sustainability & Ethics Report. Gunvor has previously announced commitments in the areas of environment, social, and governance (ESG) targeting a 40% reduction in the company’s Scope 1 and 2 emissions by 2025. For existing and new trading, dedicated programs are being established to manage emissions and environmental impact, while taking into account human rights considerations, in line with Gunvor’s commitment to the UNGPs on Business & Human Rights. Tracking and reporting of scope 1, 2, and 3 emissions related to the trading of LNG adds further to those commitments.

Coöperatieve Rabobank U.A acted as the Lead Coordinator, Facility and Security Agent and Société Générale as Documentary Agent of the facility.

Bookrunner & Mandated Lead Arranger

• Coöperatieve Rabobank U.A
• DBS Bank Ltd., London Branch (Singapore branch to add)
• Oversea-Chinese Banking Corporation Limited
• Natixis, Singapore Branch
• Société Générale

Senior Mandated Lead Arranger

• Abu Dhabi Commercial Bank PJSC
• Industrial and Commercial Bank of China Limited, London Branch
• ING Bank N.V., Amsterdam, Lancy / Geneva Branch
• Qatar National Bank (Q.P.S.C.) Paris Branch
• Mizuho Bank, Ltd.

Mandated Lead Arranger

• Bank of China Limited
• CA Indosuez (Switzerland) SA
• Commercial Bank of Dubai PSC
• SMBC Bank International plc

Arranger

• Afrasia Bank Limited
• Erste Group Bank AG
• First Abu Dhabi Bank PJSC
• Mashreqbank psc
• Sumitomo Mitsui Trust Bank, Limited (London Branch)
• The National Bank of Ras Al Khaimah (P.S.C)

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Gunvor Group (“Gunvor” or “the Company”) has successfully closed a EUR 570 million working capital transaction (the “Facility”), which consists of a syndicated, pan-European natural gas repo facility covering multiple jurisdictions in Europe with a shared security package. Eight banks supported the Facility, including four new lenders, enabling the arrangement to expand to cover eight eligible natural gas storage locations, up from three.

“Thanks to a doubling of support from our banking partners, the flexibility and scope of this Facility increases considerably,” said Milos Spasic, Gunvor’s Head of STF Energy EMEA & Latam. “We’re now able to cover an expanded number of European storage facilities at a critical time in the market. This Facility remains unique to the market.”

The renewal of the Facility allows Gunvor’s banking partners to participate in a natural gas financing structure with access to a robust security package based on a true sale transaction. This uniquely structured trade finance solution gives Gunvor the ability to secure, scale, and diversify access to competitive financing.

The Facility was structured by Coöperatieve Rabobank U.A. (Rabobank) with its commodity trading subsidiary Brightfield Trading B.V. acting as “Grantor” and Gunvor acting as “Originator” and logistic agent. Rabobank acts as Coordinating Agent and Trustee of the facility as well as lead Participant. Other participants include CA Indosuez (Switzerland) SA; ING Bank N.V Amsterdam, Geneva branch; UBS Switzerland AG; Raiffeisen Bank International AG; Erste Group Bank AG; Die Sparkasse Bremen AG; and Mizuho Bank, Ltd.

“Two years ago, Gunvor and Rabobank launched this transaction with the ambition to create an innovative working capital finance solution for Gunvor’s European natural gas activities that would be flexible, scalable, and cost competitive. Rabobank is delighted that we have been able to build on our excellent partnership to successfully expand the structure in both scale and in scope. Rabobank is committed to support its clients in the energy transition and has therefore developed a strong expertise in natural gas repo financing—supported by our lead counsel Norton Rose Fulbright LLP. Scaling up this first ever syndicated commodity repo structure during times of unprecedented market volatility is an outstanding achievement that all parties involved can be very proud of,” said Robin de Milliano, Senior Product Manager with Rabobank’s Structured Inventory Products.

About Gunvor Group
Gunvor is a leading participant in European and U.S. physical natural gas markets, performing wholesale trading with utilities and industrial customers. To support activities, Gunvor maintains a portfolio of investments—as well as medium- and long-term contracts and partnerships—in strategic assets, including in transportation, pipelines, storage, and regasification. Gunvor’s global market reach and advanced analytics enable the company to develop specialized transactions for customers, supported by top-tier risk management and trade finance services. Gunvor’s team also draws on the expertise of the company’s liquefied natural gas (LNG) team, the largest independent LNG trader worldwide, and is presently developing power trading to further complement operations. For more information, visit gunvor.group.

About Rabobank Group
Rabobank is an international financial services provider operating on the basis of cooperative principles. It offers retail banking, wholesale banking, private banking, leasing and real estate services. As a cooperative bank, Rabobank puts customers’ interests first in its services. Rabobank is committed to being a leading customer-focused cooperative bank in the Netherlands and a leading food and agri bank worldwide. Rabobank employed 43,272 per 31 December 2020. Rabobank Group is active in 38 countries. For more information about the Rabobank Group go to www.rabobank.com.

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Specifically, PGN has entered into a Master Sales and Purchase Agreement (MSPA) and Confirmation Notice (CN) with Gunvor to supply LNG. The LNG supplies from PGN will complement Gunvor’s LNG portfolio, which is the largest amongst independent trading companies.

“This collaboration is part of Pertamina’s strategy to monetise its LNG portfolio, and our companies’ cooperation holds considerable potential for other areas of collaboration. We already look forward to opening up other business opportunities,” said CEO of Pertamina Subholding Gas PT PGN Tbk M. Haryo Yunianto.

Pertamina as the Oil and Gas Holding will support the supply of LNG from Pertamina’s portfolio for PGN’s business into the international market.

PGN’s Director of Strategy and Business Development Heru Setiawan is very enthusiastic about this collaboration, given that Gunvor is one of the largest global commodity trading companies in the world. The synergy with Gunvor opens up opportunities to pursue LNG business in both emerging and developed LNG markets, building on the traditional destinations to which Pertamina has access.

“Partnering with Gunvor enables us to enter new markets where we previously had limited access. This collaboration is unique, and has the potential to become a solution in providing energy for regional and even other international destinations,” said Heru.

“We are pleased to enter into our first LNG transaction with PGN, which will come in addition to our existing relationship with the Pertamina Group. We look forward to further cooperation with PGN to enable competitive and reliable LNG deliveries to the global market. This transaction will establish a new chapter between our companies and enable wider cooperation worldwide,” said Ksenia Alleyne, Co-Head of LNG Trading for Gunvor.

While PGN’s business portfolio is dominant in Indonesia, to enter international market, PGN requires strategic partners to accelerate penetration and commercialization. PGN and Pertamina Group continue to optimize their roles so that PGN’s business development in the LNG trading international sector can be massively developed.

Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure—refineries, pipelines, storage and terminals—that complement its core trading activity and generate sustainable value across the global supply chain for customers. The company, which in 2021 generated US $135 billion in revenue on 240 million MT of energy commodity volumes, is the leading independent trader of LNG worldwide.

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