Gunvor's Strategic Pivot Towards U.S. Energy Investment

Gunvor is in talks to invest in U.S. oil and gas assets after a failed bid to acquire Lukoil's assets due to U.S. sanctions. This move aims to strengthen ties with the Trump administration. Gunvor focuses on natural gas and has been increasing its stake in the U.S. energy sector.

Gunvor, a key player in the global commodity trading arena, is actively pursuing investments in the U.S. oil and gas sectors to mend ties with the Trump administration after its unsuccessful attempt to acquire Lukoil's assets faced U.S. sanctions.

Industry insiders reveal that the company seeks to boost its portfolio with a particular focus on natural gas, reinforcing its long-term commitment to the U.S. energy market. This strategy is seen as beneficial amid President Trump's push for foreign energy investments.

Gunvor's Americas unit has engaged in dialogues with emerging private oil and gas companies and supported existing players financially, marking a significant step in expanding their U.S. footprint. Despite the competitive landscape, Gunvor remains optimistic about future ventures in the energy industry.

(With inputs from agencies.)