BGN's Big Move into Global Gas Markets

BGN, a company known for trading various energy products, is making a bold move. They are expanding into the global natural gas market. This isn't just a small step. They plan to invest in gas plants, ships, and pipelines worldwide.

Why the Expansion?

The market for liquefied natural gas (LNG) is growing fast. The U.S. and Qatar are increasing their exports. More supply usually means lower prices. But it also means more chances to trade and make deals.

Experience and Strategy

BGN already has experience in similar markets. They started with liquefied petroleum gas (LPG) and now trade crude oil, oil products, and metals. They want to apply the same strategy to LNG. Their goal is to be present everywhere, from the Atlantic to Asia.

Long-Term Plans

The company is talking about long-term contracts. They might buy LNG for up to 15 years. They are also interested in owning parts of U.S. export plants. But they aren't sharing details about how much gas they plan to handle.

Market Trends

The International Energy Agency says producers will add a lot of export capacity by 2030. This could change the market. BGN wants to be part of this change. They are also applying for licenses to use European pipelines. And they plan to add new LNG ships to their fleet in the next two years.

Team and Deals

BGN started their LNG team in 2024. They have already made some deals. They sold gas to Egypt and Germany earlier this year. They also agreed to supply up to 42 shipments to Egypt. The company's leaders joined from another energy company and plan to hire more people.

Diversification

Diversification is key for BGN. They want to explore all opportunities. If the deals are good, they are ready to invest. Their main offices are in Geneva, Dubai, Singapore, and Houston.