Europe News

Gunvor leverages gas assets in €570mn working capital facility

Energy trader Gunvor says it has brought on board four new banks to close an upsized natural gas inventory financing deal, utilising stored product …

Europe / 07-12-22 / by Jacob Atkins

Trafigura lands US$3bn ECA-backed financing to supply US LNG to Germany

Global commodity trader Trafigura has agreed a US$3bn four-year loan, partly guaranteed by Euler Hermes Aktiengesellschaft, the German export credit agency (ECA), to deliver …

Europe / 05-12-22 / by Eleanor Wragg

Germany inks Qatar LNG deal in move away from Russian gas

Germany has taken a significant step towards reducing its reliance on imports of Russian natural gas, with an agreement to purchase LNG from Qatar …

Europe / 30-11-22 / by John Basquill

France sets sights on electronic trade document reforms

France is set to become one of the first major economies to afford legal recognition to electronic trade documents, with the government commissioning a …

Europe / 30-11-22 / by Jacob Atkins

Gunvor boosts European revolving credit facility

Energy trader Gunvor has enlarged the sustainability-linked revolving credit facility (RCF) for its European units to US$1.64bn amid elevated global energy prices. The company …

Europe / 23-11-22 / by Jacob Atkins

UKEF rolls out bills and notes guarantee for overseas buyers

UK Export Finance (UKEF) has launched a new product to guarantee payments made by overseas buyers of UK goods. The bills and notes guarantee, …

Europe / 17-11-22 / by Eleanor Wragg

Ukraine grain deal ‘set to renew’ after talks on Russian export restrictions

Officials in Russia and Turkey have revealed the safe export of Ukrainian grain from Black Sea ports is likely to continue, in exchange for …

Europe / 16-11-22 / by John Basquill

Export credit coalition accused of ‘backsliding’ on fossil fuel support

A coalition of European governments has failed to agree on a common approach to ending export credit agency (ECA) support for fossil fuel projects …

Europe / 09-11-22 / by Jacob Atkins

EBRD kickstarts supply chain finance framework with Santander partnership

The European Bank for Reconstruction and Development (EBRD) has developed a framework to make financing more affordable for smaller suppliers, starting with the launch …

Europe / 01-11-22 / by Jenny Messenger

Ukraine grain exports face vessel backlog as concerns grow over Black Sea initiative

Authorities responsible for the safe export of Ukrainian grain from Black Sea ports are working to clear a backlog of vessels awaiting inspection, as …

Europe / 26-10-22 / by John Basquill