LNG plays large role in Gunvor trading results
Published by Lydia Woellwarth,
Editor
LNG Industry,
Gunvor Group Ltd (Gunvor), an independent commodity trading house, has released results for the year ended 31 December 2019:
- Total trading volumes increased to 198 million t from 184 million t the year prior, mainly due to an increase in the trading of natural gas and LNG (of which Gunvor delivered 16 million t of LNG in 2019).
- Revenue for 2019 was US$75 billion, a decrease from US$87 billion in 2018, reflecting changes in the price of commodities during the year.
- Net profit after taxes for 2019 was US$381 million.
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