In depth
13 June 2024

The TXF Export Finance Survey pt 2: Geopolitical turmoil

All geopolitical crises are not alike. The issues affecting the market in 2023 may have profound macroeconomic effects, but they have limited direct impacts on export finance. More

News
21 June 2024

EC approves German subsidies for hydrogen pipelines

The European Commission has given Germany permission to invest around €3 billion ($3.2 billion) in its hydrogen infrastructure to build long-distance pipelines.The commission said that the positive effects of the government subsidies would be greater than the potential damage that could be... More

News
21 June 2024

GomSpace secures export loan for Indonesian project

GomSpace, a manufacturer of nanosatellites and microsatellites, has received approval from the Danish Export and Investment Fund (EIFO) for a government export loan to support a project in Indonesia. The loan will cover a contract worth around SEK 650 million ($62 million) for the delivery of... More

In depth
05 June 2024

Takeaways from the tea-party: TXF Amsterdam 2024

The 10th edition of the TXF Amsterdam Global Commodity Finance event has now passed, but what were the biggest talking points? Read on for the latest updates on growth in commodities, financing issues and the demands of sustainability. More

News
21 June 2024

Wison New Energies quits Russian projects in blow to Arctic LNG 2

Chinese engineering firm Wison New Energies has decided to discontinue all of its ongoing Russian projects, and will immediately and indefinitely stop taking any new Russian business, the company said.The move will impact the sanctioned Arctic LNG 2 project by Russia's Novatek, which had said... More

News
21 June 2024

Genting awards $1bn FLNG facility contract to Wison

Genting has contracted China's Wison New Energies for the construction of a 1.2 million tonnes per annum floating LNG facility in West Papua, Indonesia, in a deal valued at $1 billion.The contract, executed by subsidiaries Genting Oil & Gas Sdn and PT Layar Nusantara Gas, initially valued at... More

News
21 June 2024

Nigeria creates $2.6bn infrastructure company

Nigeria has approved the creation of a company, Infra-Co, to fast-track development of critical infrastructure, with around $2.6 billion in initial financing.Africa’s most populous country slipped into recession in its third-quarter for the second time in four years, hit by the coronavirus... More

News
21 June 2024

WIOCC signs sustainability-linked loans with IFC, Proparco

WIOCC has secured green financing from IFC and Proparco to fund its data centre and fiber roll-out in DRC, Nigeria, and South Africa.The financing includes loans of $10 million and ZAR200 million ($11 million) from IFC; and $20 million from France's Proparco. WIOCC also expects to sign an... More

News
21 June 2024

EnergyX to build new lithium project in North America

US-based company Energy Exploration Technologies (EnergyX) has unveiled plans for a lithium project in North America, named Project Lonestar Lithium.The move is expected to bolster EnergyX’s role in the global energy transition and contribute to the security of the US battery supply... More

News
21 June 2024

EU sanctions target Russian gas for the first time

EU countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, including their first restrictions on Russian gas.The package bans re-exports of Russian LNG in EU waters but stops short of banning imports as the bloc did in 2022 for Russian seaborne oil. Some EU countries... More

News
21 June 2024

China Baowu seals deal for stake at Simandou project

China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the world’s largest untapped iron ore mine.Baowu bought an undisclosed stake from Winning Consortium Simandou, which owns the two... More

News
21 June 2024

WAF draws final $100m for Kiaka construction

West African Resources has fully drawn the $265 million secured loan facility from Sprott Resource Lending and Coris Bank International for the development of its Kiaka Gold Project in Burkina Faso. The company said it had received the final XAF61 billion ($100 million) from Burkina Faso-based... More

Event
Oct 2 - Oct 3, 2024

Asia 2024: Agency, Energy & Infrastructure Finance

Marina Bay Sands, Singapore

A networking super-highway for the agency, energy & infrastructure finance world!

Full details
News
21 June 2024

US Ex-Im signs $500m MoU with Trinidad and Tobago

The Export-Import Bank of the United States has signed a $500 million MoU with Trinidad and Tobago. The MOU will develop opportunities and support financing in the maritime domain awareness, cybersecurity, renewable energy, and water sanitation sectors.US Ex-Im also provided the Ministry of Finance... More

News
21 June 2024

Trafigura charters supertanker to load gasoil from Mideast

Trafigura loaded diesel onto a supertanker in the Middle East, taking advantage of lower freight rates for crude tankers to send more fuel to the West, according to shipping data and several trade sources.The shipment marks the first VLCC to move diesel in bulk from the Middle East to the West in... More

News
21 June 2024

Senate approves clean-hydrogen bill offering subsidies, tax benefits

A new bill that offers financial and tax incentives for low-carbon hydrogen production, as well as a new regulatory framework, has finally been passed by the upper house of Brazilian Congress, the Senate, more than six months after it was approved by the lower house.However, as senators added... More

News
21 June 2024

Savannah secures $20m for Barroso lithium project

Savannah Resources, the British company behind the Barroso lithium project in Portugal, has secured a £16 million ($20 million) investment from Dutch miner AMG, which has become the company’s largest shareholder with a 15.77% stake.  The tie-up includes an agreement allowing AMG to... More

News
21 June 2024

EBRD promotes sustainable mining in Mongolia

EBRD is providing funds to Khan Altai Resource (KAR), a special purpose gold mining company based in the Gobi Altai province of south western Mongolia.KAR will receive a loan of up to $10 million to procure specialised equipment for mining and processing purposes. This will help KAR, one the... More

News
21 June 2024

Pilbara Minerals eyes A$1.2bn road to double lithium output

Pilbara Minerals has laid out a A$1.2 billion (almost $800 million) plan to double production capacity for lithium spodumene at its Pilgangoora operation in Western Australia.More spodumene from the miner's flagship operations could result in a decade of output averaging 1.9 million tonnes per... More

News
21 June 2024

FID taken on Ubeta project to supply Nigeria LNG plant

TotalEnergies and Nigerian National Petroleum Corporation have taken a final investment decision for the development of the Ubeta gas field in Nigeria.Located about 80km northwest of Port Harcourt in Rivers state, the OML 58 license contains two fields currently in production, the Obagi oil field... More

News
21 June 2024

Sienna acquires Stonesthrow project

Sienna Resources has announced the acquisition of the Stonesthrow Gold Project in Saskatchewan. The project encompasses approximately 13,300 contiguous acres of land prospective for gold and is located adjacent to Ramp Metals' property.Sienna last month acquired the Case Lake West cesium and... More