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LNG plays large role in Gunvor trading results

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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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