Gunvor Group Closes $1.565 Billion Credit Facility

Jan 11 (Reuters) - Geneva-based energy trader Gunvor Group on Wednesday said it has renewed a $1.565 billion loan facility to support the working capital needs of its liquefied natural gas (LNG) activities globally.

The credit arrangement launched at $1.2 billion was oversubscribed and increased from $1.135 billion to $1.565 billion, the company said.

As a part of the credit facility, Gunvor has committed to carbon emissions reporting to establish transparency for the carbon footprint of its LNG chain.