# Trafigura enters $3 billion loan to supply Germany’s Sefe with gas
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-12-05
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Trafigura secures $3 billion loan to supply gas to German
Meta Description: Trafigura signs a $3 billion loan to help secure long-term gas volumes for Europe's largest economy, replacing Russian gas with US LNG contracts.
URL: https://financedigest.com/trafigura-enters-3-billion-loan-to-supply-germanys-sefe-with-gashtml

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FRANKFURT (Reuters) – Commodities trading firm Trafigura on Monday said it has entered into a $3 billion four-year loan to supply gas to German gas trader Sefe, formerly known as Gazprom Germania, and help Europe’s largest economy secure volumes long-term.

“We are proud to be contributing to Europe’s energy security by supplying this significant volume of gas to Germany backed by our extensive portfolio and long term US LNG contracts,” Richard Holtum, Head of Gas and Power Trading for Trafigura, said.

The deal comes as Germany is struggling to replace Russian gas volumes, formerly its biggest source but supply of which was fully stopped in August, with alternatives.

The [loan is jointly arranged and underwritten by Deutsche Bank](https://www.financedigest.com/georgias-tbc-bank-slashes-loan-decision-time-with-fico-solution.html "Georgia’s TBC Bank Slashes Loan Decision Time with FICO Solution") and another international bank. Over 25 banks participated in the syndication.

The [loan is partly secured by a guarantee under the Untied Financial Loan program of the German government acting through the German Export Credit](https://www.financedigest.com/4-ways-to-get-a-bad-credit-loan.html "4 Ways to Get a Bad Credit Loan") Agency Euler Hermes AG, a division of Allianz.

Trafigura said it would mainly use existing quantities from its global gas and [LNG portfolio to cover](https://www.financedigest.com/japan-insurers-to-maintain-cover-for-lng-vessels-in-russian-waters.html "Japan insurers to maintain cover for LNG vessels in Russian waters") supplies to Sefe.

(Reporting by Christoph Steitz; Editing by Paul Carrel)


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