Geneva, 22 June 2025 – BGN proudly announces a landmark achievement: the successful discharge of its inaugural physical LNG cargo at Germany’s Mukran FSRU* facility by the chartered vessel Celsius Gandhinagar. This milestone, known in the industry as “touching the ice,” marks BGN’s official entry into the physical LNG market and signals a new era in the company’s global energy portfolio.
Expanding Our Global Impact: Egypt LNG Supply Deal
In parallel with our European milestone, BGN has been selected as one of the key suppliers in Egypt’s historic LNG procurement programme, along with other leading industry giants. This is a testament to our expanding reach and trusted partnerships in critical markets.
Strategic Growth & Leadership
BGN is firmly positioning itself to become the world’s largest LNG trader, building on our remarkable success in LPG and leveraging our operational excellence across crude oil, diesel, and gasoline in the Mediterranean. Our growth strategy includes a bold push into hydrocarbon and mining markets across Africa and Latin America, integrating upstream assets with global trading infrastructure to unlock long-term value.
To drive this next phase, we have strengthened our leadership team with world-class talent:
- Wael Amer – Chief Commercial Officer (CCO) for the group, bringing deep commercial expertise and a proven track record from Trafigura, Litasco, and BGN.
- Estella Shi – Senior leadership team member, formerly with Mercuria and Litasco, with exceptional insight and execution experience across physical and paper markets.
- Head of Africa (name to be announced) – Highly experienced, bringing deep regional and commercial expertise, joining shortly.
- Head of Mining (name to be announced) – Recently appointed to drive forward our mining strategy across key markets and commodities.
Why These Milestones Matter
- Strategic Market Entry: Our first physical LNG delivery in Germany and our Egypt supply deal demonstrate BGN’s ability to manage complex, high-value supply chains and operate at the forefront of global energy logistics.
- Technical Achievement: Offloading LNG at -160°C at Mukran FSRU* showcases our operational excellence and commitment to safety.
- Energy Security & Transition: These milestones reinforce BGN’s role in supporting energy security and the energy transition for key markets in Europe, North Africa, and beyond.
“While we remain selective, these early moves signal our commitment to growing LNG flows alongside our broader energy portfolio,” said Wael Amer, BGN’s Chief Operating Officer.
With a clear vision for the future and a strengthened leadership team, BGN is well-positioned to lead in LNG, hydrocarbons, ammonia, and mining—delivering growth, sustainability, and impact across our markets.
What Sets BGN Apart
- Diversified Expertise: Building on our strengths in LPG, crude, and distillates, BGN’s move into LNG demonstrates our readiness to handle the technical and commercial demands of the world’s fastest-growing energy commodity.
- Physical Trading Leadership: These milestones reinforce BGN’s position as a trusted physical supplier, opening new opportunities for long-term contracts and infrastructure partnerships.
- Global Teamwork: Our teams in Geneva, Dubai, Singapore, and Houston have enabled this swift and responsible market entry, reinforcing BGN’s reputation for innovation and reliability.
BGN’s successful “touching the ice” at Mukran and our role in Egypt’s LNG supply programme are more than deliveries—they are strategic leaps that position the company at the forefront of the global LNG transition.
*Floating storage and regasification unit
