Mercuria is an independent energy and commodity trading group founded in Geneva in 2004 by Swiss traders Marco Dunand, who is chief executive, and Daniel Jaeggi, who is president. The two co-founders had previously worked together at Cargill International and later at J. Aron, the Goldman Sachs trading unit, Salomon Brothers and Sempra Energy. The group says it employs more than 1,400 people of over 65 nationalities in more than 30 locations, operates in over 50 countries across five continents, generates revenues consistently above USD 100 billion and remains privately owned by its founders, employees and a group of strategic investors.

How the trading business is organised

Mercuria describes four strands of work: trading, assets and investments, net-zero solutions, and regional operations. The trading desks cover crude oil and refined products, natural gas, LNG, power, carbon and environmental products, biofuels, metals and bunkering, supported by financing and logistics services. The company has grown partly by acquisition: it took over the trading unit of JPMorgan Chase and Company, the United States gas and power business of Noble Group, and Aegean Marine Petroleum Network, which it reorganised as Minerva Bunkering, now a wholly owned bunkering and maritime subsidiary. It publishes daily and monthly price bulletins and financial information through its media room.

Recent transactions and partnerships

The group has been unusually active in 2026. In February it agreed with Tata International to form a joint venture scaling global commodities trading and supply chain solutions, and signed a 20-year LNG sale and gas supply agreement with Commonwealth LNG. In March it announced a partnership with Continental Resources to build a 452 MW power plant in the Permian Basin and a memorandum with Entreprise Générale du Cobalt to develop a responsible cobalt supply chain in the Democratic Republic of Congo, following first purchases of copper and cobalt from that company. April brought an agreement with Heeney Capital covering offtake in Venezuela as part of a United States-backed energy and mining initiative, and a memorandum with Motor Oil Hellas on LNG supply through the Dioriga Gas floating storage and regasification unit. In May it opened a regional office in Astana with Kazakhmys and expanded cooperation with the Kazakh group. June brought an agreement to acquire Raízen Argentina, a USD 30 million inventory prepayment facility and marketing agreement with Lotus Resources, and a Global Trading joint venture with Eni. In July it announced a strategic partnership with SuperX in Asia covering artificial intelligence infrastructure, and in August a joint venture in which Continental Resources takes 50 per cent of Phoenix Global Resources alongside Mercuria. It has also launched Silvania, a platform investing in natural climate solutions, and signed a USD 250 million investment deal with Exergy Energy to accelerate African power projects.

Critical minerals and the energy transition

Mercuria committed USD 500 million to VaultCo, a United States critical mineral stockpile vehicle, in partnership with the Export-Import Bank of the United States, and joined the bank's Project Vault initiative to launch a strategic critical minerals reserve. Alongside these moves, the group invests in renewables, biofuels, technology metals and electric vehicle infrastructure, and supports environmental programmes such as a partnership with Hub Ocean on ocean health. A separate corporate social responsibility site and a Chinese-language site serve those audiences.

Financing

Mercuria Energy Trading SA closed USD 3.84 billion of multi-currency revolving credit facilities, and Mercuria Energy Group Limited completed a JPY 145.3 billion three-year Samurai term loan facility. Both were announced through the media room alongside the group's annual performance updates.

Offices and governance

  • Geneva: Rue du Rhône 50, the registered head office.
  • Houston: 20 Greenway Plaza, Suite 650.
  • London: 62 Buckingham Gate.
  • Singapore: Asia Square Tower 2, Marina View.

Governance and responsibility pages cover purpose and commitments, the energy value chain, the energy transition and partnering, and the group publishes a modern slavery policy dated March 2025, a speak-up channel and a compliance hotline on +1 720 214 6215.

Contact

Mercuria takes general enquiries only through the form on its contact page, which also lists direct telephone numbers for the four main offices: +41 22 594 70 00 in Geneva, +1 832 209 2400 in Houston, +44 207 529 4400 in London and +65 6416 2080 in Singapore. Careers enquiries are routed to a separate form. No general email address is published on the site.