TXF in depth

Lebanon takes advantage of deep roots in trade
Lebanon takes advantage of deep roots in trade
Katharine Morton
13 February 2019

Like its national symbol, the cedar tree, Lebanon has deep roots as a regional trade hub. With the right support, the country is poised to benefit from its unique position. In this discussion in Beirut, hosted by BNY Mellon, TXF finds the banks are showing best practice in adopting global regulation and asks how they are adapting to rapid change in the face of global protectionism and trade digitisation.

Key LNG projects line up ECA financing
Key LNG projects line up ECA financing
Jonathan Bell
6 February 2019

The increased focus on upstream LNG looks likely to intensify, and the sheer scale of many of these projects will require funds from a range of sources, not least ECA support. Jonathan Bell highlights a couple of prime examples where the ECAs are likely to play leading roles.

For every problem...
For every problem...
Daniel Pembrey
1 February 2019

With further US sanctions looming over Russia, and uncertainty over what form they will take, a backlog of commodity-linked deals is growing. But Russian borrowers and traders have become increasingly adept at sanctions compliance and are continuing to develop new protective measures.

TXF in brief

Petrobras' TAG sale imminent
22 March 2019

The rebidding process for a 90% stake in state-owned Petrobras’ pipeline subsidiary Transportadora Associada de Gas (TAG) will end next week. A ...

Bapco to reach full financial close next week
20 March 2019

State-run Bahrain Petroleum Company (Bapco) is expected to reach full financial close next week on a $3.8 billion ECA-backed loan to finance the expan...

Poly-GCL seeks ECA/DFI funding for Ethiopian gas pipeline
19 March 2019

Chinese oil and gas company, Poly-GCL Petroleum, is looking to raise a blend of commercial bank and ECA/DFI-backed debt to finance construction of the...

Rovuma LNG bank meeting next week
15 March 2019

Mozambique Rovuma Venture – a joint venture between Eni (35.7%), ExxonMobil (35.7%) and China National Petroleum Corporation (28.6%) – has...

Southern Gas Corridor pulls UFK loan
12 March 2019

Azerbaijan's Southern Gas Corridor CJSC - owned by the Ministry of Economy of Azerbaijan Republic (51%) and SOCAR (49%)  – has decided ...

TXF Data

Commodity Trade Finance MLA Full year 2018

Bank USDm No %
1 Natixis 12131m 41 8.4%
2 ING Bank 11076m 83 7.7%
3 BNP Paribas 7651m 44 5.3%
4 Société Générale 5941m 50 4.1%
5 MUFG Bank 5552m 32 3.9%
6 ABN AMRO 4979m 42 3.5%
7 Deutsche Bank 4304m 25 3%
8 Rabobank 4286m 36 3%
9 Standard Chartered 4197m 24 2.9%
10 UniCredit 4069m 34 2.8%

TXF Podcast