KfW IPEX-Bank

Frankfurt – October 29, 2026 -- KfW IPEX-Bank has committed USD 300 million to a USD 1.5 billion untied loan for commodities trader Trafigura. The loan finances more than 150 TWh of natural gas deliveries to Germany over five years.

Nine-bank consortium backs facility with Euler Hermes guarantee

The financing is an untied financial loan (UFK) covered by a guarantee from German export credit insurer Euler Hermes. Nine banks participate. KfW IPEX-Bank acts as Facility Agent and as coordinator and agent for the export credit agency (ECA).

Trafigura to supply SEFE from its global gas portfolio

Trafigura will deliver the volumes to SEFE Securing Energy for Europe, drawing primarily on its global gas portfolio. The first delivery is scheduled for November 1, 2026.

The parties say the transaction is meant to offset declining gas supplies and to support supply security and the resilience of energy infrastructure in Germany and Europe.

Frankfurt am Main – September 16, 2026 -- KfW IPEX-Bank has agreed to provide financing of up to EUR 250 million to BEN Berlin Energie und Netzholding GmbH to fund investments in Berlin's electricity distribution network.

Funding targets grid reinforcement and renewable integration

The capital will support Stromnetz Berlin GmbH, the BEN subsidiary operating the grid, in expanding infrastructure to connect renewable energy sources, data centers and electric mobility. The financing is intended to enable targeted network reinforcement and expansion to meet rising demand.

BEN plans EUR3.6 billion in grid investment by 2030

The BEN group has outlined total investments of approximately EUR 3.6 billion through 2030 to strengthen and expand Berlin's network infrastructure.