Global commodities trader Trafigura Group Pte. Ltd. has secured a $3 billion loan backed by the German government to help secure more natural gas for the country. 

Europe LNG Capacity

Trafigura would supply the gas to Germany’s Securing Energy for Europe (Sefe), a former Gazprom PJSC unit that the country nationalized and recapitalized earlier this year. The first gas delivery under the arrangement took place Nov. 1. Trafigura said it would primarily use existing quantities from its global gas and LNG portfolio to supply Sefe. 

Trafigura’s Richard Holtum, head of gas and power trading, added that liquefied natural gas would largely be sourced from the trading house’s long-term U.S. contracts. 

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