Geneva-based trader Gunvor said that its LNG business was the main profit contributor in the first half of 2025, which has been “very challenging” due to a backdrop of a generally oversupplied oil market.
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Geneva-based energy trader Gunvor has entered into another long-term LNG offtake deal with Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana.
US shale gas producer Expand Energy has signed a new sales and purchase agreement with Delfin Midstream to offtake volumes from the latter's planned floating LNG export project offshore Louisiana. Expand Energy said the previously announced SPAs with Delfin and Gunvor have been terminated.
Glenfarne’s Texas LNG, the developer of the planned 4 mtpa LNG export terminal in the port of Brownsville, has signed a 20-year sales and purchase deal with a unit of Geneva-based trader Gunvor.