Singapore

Trafigura's Energy Trading Operations: Oil, LNG, and the Geneva-Singapore Axis

Trafigura is the largest energy trading company most people have never heard of. With $318 billion in revenues in fiscal year 2022, a tanker fleet operated through its shipping subsidiary Impala Terminals, and LNG operations that have expanded dramatically since the 2022 European energy crisis, Trafigura's physical energy trading machine is matched only by Vitol in scale. This is a profile of how that machine operates.