Trafigura Group Pte. Ltd. has secured a $400 million credit line insured by the U.S. Export-Import Bank to move more LNG to Europe.

Europe LNG Capacity

The global commodities trader said the two revolving credit facilities would be “used exclusively” to deliver U.S. liquefied natural gas to “customers primarily in Europe.” U.S. exporters have provided about 40% of the continent’s LNG this year, according to Kpler. 

Citigroup Inc. was the sole arranger for the deal and is one of two lenders for the facilities. 

[Get Better Intel: Where are natural gas prices in Canada heading in the next few years? NGI’s Forward Look now includes Westcoast Station 2! Don’t delay in getting critical natural gas price data. Request a trial now.]

Europe has been working to build out infrastructure to...