BGN

Wishing every colleague and all our partners a happy and peaceful Eid al-Adha!

We need more women on boards of directors. That’s the key message from our Swiss head Demet Ozdemir who spoke at the CTA Association of Geneva’s annual Women in Leadership event, along with representatives of traders, banks and WISTA SWITZERLAND.   With less than one quarter of the world’s corporate boards seats held by women, this is key problem to fix to help make wider progress on gender equality in business, Demet said, complementing comments by the other panelists Maryana Yarmolenko Stober, Mariam Almaszade, Hiba Safieddine Nesr, Nathalie Hogarth and Rabih Bleik. At BGN, led globally by Mrs Rüya Bayegan, we are seeking to balance gender across our workforce through recruitment initiatives and by ensuring diversity and inclusion is reflected in our values, code of business conduct and ESG framework. Thanks to Richard Watts for able panel moderation, as usual. To read more: https://lnkd.in/earYuGpW #commoditytrading #diversity #DEI 

Great TXF panel on trends in government-backed ECA financing, which is expected to remain a useful source of funding diversification for traders in the coming years.    Our CFO Yannick Luce noted the valuable contribution of ECAs in creating an "ecosystem" of banks and trading counterparties around the financing transaction. James Lowrey and Oliver Schenkenberg also shared fascinating insights.    Read more here: https://lnkd.in/eT_5uGRJ     #TXF #TXFAmsterdam24 #commoditytrading #commodityfinance 

We were honored to respond to an invitation from the International Energy Agency (IEA) to endorse The Clean Cooking Declaration for households across Africa. As one of the world’s largest bulk traders of LPG, with a growing presence in Africa, we recognize the importance of the public-private agenda on this topic and in joining up thinking across different stages of the cooking gas supply chain. At stake is a decline in premature deaths from respiratory diseases, particularly among African women and children who rely on wood fires and traditional stoves. Shifting from wood, or charcoal, to gas is also expected to help tackle greenhouse gas emissions, deforestation and gender inequality.    To read the Declaration in full, please see here: https://lnkd.in/eV7JVpqS #CleanCooking #LPG 

Eid Mubarak from BGN! Sending you and your families and loved ones our warmest wishes. #EidMubarak #Eid2024 #EidAlFitr2024

Another successful ship financing!  Our strategic shipping initiative with the UAE’s Al Seer Marine will benefit from USD370m of financing from five leading Middle East Gulf banks, in a syndicate led by ADIB - Abu Dhabi Islamic Bank. The funds will support the construction of three new state-of-the-art, efficient carriers for energy transition fuels LPG (liquefied petroleum gas) and ammonia. Thanks also to Abu Dhabi Commercial Bank (ADCB), National Bank of Fujairah (NBF), Commercial Bank of Dubai (CBD), and Islamic Corporation for the Development of the Private Sector (ICD) for your contributions. And to HFW and Dentons for helping to make it happen. Read more: https://lnkd.in/eYBjJWUg #VLGCs #gascarriers #LPG #ammonia #energytransition #shipfinance 

Today, we express our deep gratitude to every woman across our companies. More widely, we salute the contribution of all women to the business world and in our society.   At BGN, we are intensifying our efforts around diversity and inclusion, while appreciating that we can always do more to tackle the challenge of equity in the workplace. #IWD2024 #InspireInclusion

Supporting the energy transition As a family-owned business with a multi-generational focus, we aim to ensure that the energy and other commodities that flow through our businesses have a net benefit for our customers, and for society as a whole. Specifically, through BGN-related businesses, we are committed to: Helping to reduce CO2 emissions from fossil fuels Developing renewable energy generation Mobilizing finance for carbon removal projects Read more about our approach: https://lnkd.in/eznqqhdk #energytransition #sustainability #carboncredits #decarbonization

Celebrating our inaugural ECA-backed financing! We're delighted to have signed a US$100m financing arrangement with the Abu Dhabi Exports Office and two leading banks in the region, Mashreq Corporate & Investment Banking Group and Abu Dhabi Commercial Bank. The funds will support the procurement of energy commodities from the UAE, complementing our existing strong liquidity base and healthy banking relationships across the Middle East, Asia, North America, Europe and Africa. We really appreciate the professionalism and international competency of our partners and look forward to further developing our deep relationships within the Gulf region. Read more: https://lnkd.in/gCNUCxws #energy #commodities #ecas #exportfinance

Congratulations! We signed another new ship contract, this time for two VLGCs (Very Large Gas Carriers) to be constructed by HD Hyundai Heavy Industries by 2027.  These modern, efficient vessels will be able to carry LPG (liquefied petroleum gas) and ammonia – essential products for the global energy transition. The deal represents our long-term commitment to investing in new vessels that improve the emissions profile of our fleet. Read more: https://lnkd.in/eHyU4XK8 #VLGCs #gascarriers #LPG #ammonia #energytransition