TXF Podcast

Energy majors bid for Qatar LNG project despite lower returns; Contour unveils debut domestic offering in Bangladesh; Proparco signs $10m trade finance deal with Ecobank Liberia

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Six top western energy firms are vying to partner in the vast expansion of Qatar’s liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled

• Contour has launched its first domestic offering in Bangladesh – a trade finance network specifically designed to offer SMEs greater access to trade finance in the country

• France's Proparco has signed a $10 million Trade Finance Guarantee Programme with Ecobank Liberia

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EBRD and Euler Hermes join forces in risk and green bonds; Saudi Aramco mandates banks for inaugural dollar sukuk; Coface North America releases hybrid credit Insurance offer

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The EBRD and trade credit insurer Euler Hermes have signed a master risk participation agreement to boost cooperation through the bank’s Unfunded Risk Participation programme to support investments in green bonds.

• Saudi Aramco has hired a large group of banks to arrange its inaugural issuance of US dollar-denominated sukuk as the company seeks cash to fulfil large commitments to its major shareholde

• Coface North America has unveiled a new trade credit insurance offering

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FMO to phase out direct investments in fossil fuels; Glencore and Novatek sign Arctic LNG 2 supply deal; Natixis among first partners in Euler Hermes' Green2Green Single Risk solution

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Dutch development bank FMO has vowed to phase out fossil fuels in direct investments from its portfolio

• Glencore has announced that one of its affiliates and Novatek Gas & Power Asia have signed a Heads of Agreement for the long-term supply of LNG from the Arctic LNG 2 project

• Trade credit insurer Euler Hermes has announced that Natixis is one of its first participating partners in its Green2Green Single Risk credit insurance solution

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

JSW Steel 'examining bid for Gupta's British business'; G7 agrees to stop international funding for coal; Neptune Energy eyes IPO

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The world’s seven largest advanced economies have agreed to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets.

• Oil and gas explorer Neptune Energy Group is working with financial adviser Rothschild & Co. to explore potential options including an initial public offering, according to sources.

• India's largest steel producer, JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, two sources said, as would-be buyers circle Sanjeev Gupta's global commodities empire.

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

EIB unveils €1.5bn financing for vaccines, clean energy, water projects; IFC invests $20m in Romania's first green bond; TDB finances expansion of King Faisal Hospital in Rwanda

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Administrators to collapsed firm Greensill Capital’s UK business said it had $17.7 billion in assets under management at 8 March, of which $3.7 billion has been collected as of 16 April

• The Asian Development Bank will no longer finance coal mining or oil and natural gas production and exploration, it announced in a draft policy statement. 

• KDB, Kexim are to invest in a new South Korean fund

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Greensill UK administrators say $3.7bn in AUM collected so far; ADB 'to end coal, upstream oil and gas financing’; KDB, Kexim are to invest in a new South Korean fund

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Administrators to collapsed firm Greensill Capital’s UK business said it had $17.7 billion in assets under management at 8 March, of which $3.7 billion has been collected as of 16 April

• The Asian Development Bank will no longer finance coal mining or oil and natural gas production and exploration, it announced in a draft policy statement. 

• KDB, Kexim are to invest in a new South Korean fund

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

StanChart executes first ESG-linked derivative with Trafigura; Freepoint Commodities renews RCF at $2.63bn; Scrapping paper documents 'could boost UK trade by £25bn'

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• US-based Freepoint Commodities has closed a $2.63 billion revolving bank facility

• Standard Chartered has priced its first commodity hedge linked to Environmental, Social and Governance benchmarks with trader Trafigura

• Digitising business and removing tens of millions of paper documents would boost small British businesses’ overseas trade by £25 billion over the next four years, according to new research by the International Chamber of Commerce 

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Total declares force majeure at Mozambique LNG project; DFC commits to net-zero by 2040; Greensill expected £22bn flotation that could have meant Cameron windfall Project

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• French energy group Total declared force majeure on its $20 billion LNG project in Mozambique and confirmed it had withdrawn all staff from the construction site following insurgent attacks last month.

• DFC commits to net zero by 2040, raises climate-focused investments
• Greensill Capital was considering a £22 billion stock market flotation – a figure that dwarfs previous estimates and implied a potential nine-figure windfall for its adviser David Cameron – only weeks before the former prime minister’s intensive government lobbying

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

ECAs get green light to cover more local costs; ITFA publishes guide to structured letters of credit; EBRD and EU support small Ukrainian MSMEs

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• ECAs get green light to cover more local costs

• The International Trade and Forfaiting Association has released an in-depth guide to Structured Letters of Credit. 

• The European Bank for Reconstruction and Development (EBRD) is providing a loan of €25 million to Crédit Agricole Bank Ukraine to increase the competitiveness of MSMEs in the country

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DFIs help finance €240m upgrades to Sofia Airport; Metalloinvest signs $350m PXF credit line; ECI and Emirates NBD sign trade finance deal for exporters

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The International Finance Corporation is providing €30 million (about $36 million) to SOF Connect, the Sofia Airport concessionaire, as part of private sector-led investment and upgrades to the airport

• Russian iron ore and HBI group Metalloinvest has opened a new credit line of up to $350 million for pre-export financing with a group of ten international banks

• Etihad Credit Insurance (ECI), the federal export credit agency of the UAE, is partering with Emirates NBD to improve access to trade finance to exporters

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.