BGN Endorses IEA Clean Cooking Declaration for Africa
BGN has joined governments, international organizations and other private sector companies in commending a new pledge to extend access to cleaner cooking facilities across Africa. A summit in Paris hosted by the International Energy Agency (IEA) produced a global declaration on the importance of developing financing, policies and partnerships on the topic. The IEA also […]
BGN Confirms USD370m Ship Financing with Five Leading Middle East Gulf Banks
BGN and Abu Dhabi’s Al Seer Marine secured funding from some of the Gulf region’s leading banks to support the construction of three state-of-the-art Very Large Gas Carriers (VLGCs) in South Korea and Japan. Abu Dhabi Islamic Bank (ADIB) led the closure in March 2024 of a USD235 million syndicated transaction, bringing the total financing […]
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 […]