BGN Secures US$100m Financing Facility with Abu Dhabi’s ADEX, Mashreq & ADCB
BGN signed an agreement with Abu Dhabi Exports Office (ADEX), the export financing arm of Abu Dhabi Fund for Development (ADFD)and with the banks Mashreq and Abu Dhabi Commercial Bank (ADCB), for a financing arrangement of up to US$100 million. The agreement was signed by Khalil Al Mansoori, Acting Director General of the Abu Dhabi […]
BGN Commissions HHI to Build Two Very Large Ships for LPG and Ammonia Trading
BGN has confirmed an order for two newbuild VLGCs (Very Large Gas Carriers) to be constructed by Hyundai Heavy Industries by 2027. The vessels will support BGN’s successful LPG (liquefied petroleum gas) trading platform and will be able to carry ammonia, another essential product for the global energy transition. BGN is making long-term commitments by […]
BGN Adds Two Gas Tankers, Developing Pertamina Partnership
BGN Adds Two Gas Tankers, Developing Pertamina Partnership BGN welcomed two modern, efficient Very Large Gas Carriers (VLGC) to its fleet, thanks to the ongoing partnership with Indonesia’s Pertamina International Shipping (PIS). The launch of the vessels was officiated by the President Director of PT Pertamina (Persero) Nicke Widyawati, Group CEO of BGN Ruya Bayegan, […]
Financing a growing energy & commodities business: BGN speaks at TFX in Geneva
(Photo credit: TXF Geneva / Exile Group) As part of the annual November Geneva Commodity Week, BGN CFO Yannick Luce provided some insights into the company’s evolving financing needs during a TXF conference panel. During the discussion, Yannick noted that a key aspect “for fast-growing, mid-sized traders such as BGN” now and in the future […]
BGN Speaks on Decarbonization at Geneva’s Maritime Transport and Efficiency Conference
(Photo credit: Mark Henley / Maritime Transport Efficiency Conference) The annual Maritime Transport and Efficiency (MTE) Conference in Geneva, Switzerland, brings together key stakeholders from across the maritime transport industry – from international shipping companies and cargo owners, to safety and sustainability experts, regulatory bodies and policy makers. BGN was represented by Head of Shipping […]
BGN’s Mundo Verde Climate Drives Debate at ADIPEC’s Decarbonization Accelerator
The march to Net Zero requires a significant acceleration in investment for solutions that remove CO2 from energy operations and other industrial activities, according to a decarbonization innovation session panel at this year’s ADIPEC exhibition and conference. The panel, hosted by BGN spin-off Mundo Verde Climate, stressed the importance of incentivizing companies to plug the […]
Managing Risk and Opportunity in Partitioned Markets: BGN Speaks at APPEC
The global energy industry is grappling with divided market conditions as the world shifts towards a new, multipolar order. These were some of the key themes of APPEC 2023, the prestigious annual gathering in Singapore for the oil & gas sector. “As a global commodities trader focused on energy, we are well aware of the […]
BGN Welcomes Another Gas Carrier “North Gas” to the Fleet
BGN, a global energy leader and one of the world’s largest LPG traders, was delighted to see the latest addition to its fleet enter service in September 2023. North Gas, a 230-metre-long VLGC (Very Large Gas Carrier) with 84,000 CBM (cubic meters) of cargo capacity, was celebrated at the end of August at a naming […]
BGN, Pertamina International Shipping partner for global gas transportation
BGN made an agreement with PT Pertamina International Shipping (PIS) to collaborate on gas vessel transportation, reinforcing BGN’s position as an emerging maritime asset owner and a significant LPG trader. In the agreement, the two companies outlined prospective collaborations that span joint ownership of Very Large Gas Carrier (VLGC) vessels, LPG cargo transportation and vessel […]
BGN and Al Seer Marine joint venture receives its first VLGC “Lucky Gas”
BGN and Al Seer Marine joint venture ABGC DMCC received its first very large gas carrier (VLGC). “Lucky Gas” was delivered by Hyundai Heavy Industries (HHI) in South Korea. As LPG will be a key component of the global energy transition for years to come, the 84,300 CBM dual fuelled LPG tanker- “Lucky Gas” is […]