Gunvor Group — Company directory

Geneva-based independent energy commodities trader active in crude, refined products, LNG, gas, power and base metals, with refineries, terminals and storage in its portfolio.

Gunvor Group is an independent physical energy commodities trading house based in Geneva. The company was founded in 2000 and marked its 25th year in 2025, when it reported revenue of USD 144 billion on traded volumes of 253 million metric tonnes, up from USD 136 billion on 232 million tonnes in 2024. Geneva, Singapore and Houston are its main trading hubs, supported by offices in Stamford, Dubai, London and Shanghai and a network of more than 20 representative offices; the company says it trades in over 100 countries. Gunvor is wholly owned by its employees and has no outside shareholders.

The trading book

Gunvor trades crude oil, gasoline, middle distillates, naphtha, heavy fuel and feedstocks, bitumen and base oils, LPG, natural gas, LNG, biofuels, power and emissions, base metals and, more recently, circular products derived from recycling. Crude, products, gas and LNG remain the largest parts of the book, and the company describes itself as a leading independent trader of liquefied natural gas. Product safety documentation, a trading glossary and a Trakk platform for counterparties are published alongside the commercial pages.

Industrial and logistics investments

Refining: the Gunvor Refinery Ingolstadt in Germany and Gunvor Energy Rotterdam in the Netherlands.
Terminals, pipelines and storage assets held through the group's investments arm.
Power generation and biofuel plants, plus upstream and downstream interests.
Clearlake Shipping, the group's shipping arm.

The company presents these holdings as complementary to trading, generating returns along the supply chain rather than as standalone industrial businesses.

Offtake agreements, power and financing

The group's trading position is supported by long-term contracts and committed credit lines. A USD 1.366 billion sustainability-linked syndicated revolving credit facility for Gunvor Singapore was signed in June 2026, following an initial launch at USD 800 million in April 2026, and an earlier USD 2.395 billion sustainability-linked multi-currency revolving facility was signed in November 2025.

In Asia-Pacific, Gunvor underwrites 1.2 gigawatts of additional renewable generation and 1.5 gigawatt hours of battery storage by 2032 under a 12-year electricity supply agreement with Firmus Technologies for its planned artificial intelligence infrastructure, and it holds a long-term offtake supporting GreenPoint Energy's 200 MW / 800 MWh Koolunga battery project in South Australia, targeted for commercial operation in the first quarter of 2028. Other arrangements include a long-term LNG sale and purchase agreement with Delfin Midstream, a commercialisation partnership with Repono on a 202 MW battery project in Arges County, Romania, a ten-year natural gas storage service contract with AltaGas supporting a 6 Bcf expansion at Dimsdale in Canada, a binding 20-year LNG offtake for 0.5 million tonnes per annum from Texas LNG, a letter of intent with Genesis Fertilizers covering natural gas supply, fertiliser offtake and carbon credit monetisation in Western Canada, and a collaboration with Budapest-based New Energy on chemical recycling of end-of-life tyres.

Gunvor also issues carbon credits, including first issuance from a Sierra Leone cookstove project implemented by DelAgua that covers 250,000 distributed stoves and is eligible under CORSIA, and it took part in the first Enwex German onshore wind futures block trade on the Abaxx exchange in November 2025.

Ownership, governance and contact

Gary Pedersen is group chief executive, dividing his time between Houston and Geneva. Gunvor publishes policies and reporting on compliance, sanctions, transparency, health and safety, human rights and internal audit, runs a speak-up channel and a graduate programme, and reports in English, Turkish and Spanish.

General enquiries are made through a form on the contact page. The only role mailbox published on that page is [email protected], given for data protection requests, while media and corporate affairs enquiries are directed to the corporate affairs director, Mr Seth Thomas Pietras, at [email protected].