With bank regulatory capital constraints tightening, serial ABS issuer Trafigura has closed its first inventory-backed securitisation in a bid to boost its non-bank lending pool. Given the competitive margin on the deal – other major commodity traders may well follow the template.
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Europe’s energy crisis has provoked a scramble for LNG. In order to meet demand, investment towards specialist carriers and import terminals has ballooned. But can the possibility of adapting LNG tech for renewable power remedy long-term concerns around stranded fossil fuel assets?
Approximately 600 million people in Africa have no access to electricity. In a continent with considerable potential for energy natural resource development – both through renewable and fossil fuels – why has it become so difficult to finance related trades and new projects?
TXF speaks to Massimo Falcioni, former CEO of the UAE Federal Company Etihad Credit Insurance (ECI) about his journey with the export credit agency, the challenges of diversifying towards non-oil energy in the region and his plans for the future.