Alkagesta acquires Turkish marine fuel distributor Energy Petrol
Alkagesta has acquired Turkish marine fuel distributor Energy Petrol, marking its first move into vessel ownership and expanding its global storage capacity.
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Alkagesta has acquired Turkish marine fuel distributor Energy Petrol, marking its first move into vessel ownership and expanding its global storage capacity.

The Malta-based trader moves from selling marine fuel to delivering it, adding eight bunker vessels and 728,000 cubic metres of storage through a Turkish acquisition cleared by antitrust regulators.

Alkagesta representatives attended the SIBCON 2026 conference in Singapore to engage with industry leaders on multi-fuel adoption, supply security, and the scaling of decarbonisation initiatives.

Alkagesta has commenced truck-to-vessel bunkering services in Constanța, marking a strategic expansion of its distribution network in the Black Sea region.

Alkagesta attended the PROкачай АЗС 2026 conference in Kyiv to discuss fuel procurement and supply strategies with local retail networks.

European ultra-low sulfur diesel markets are experiencing supply constraints driven by refinery outages and Rhine River logistical disruptions, keeping prices high as inventories remain below historical averages.
The Malta-based commodity trader will trade EU emissions allowances alongside its CORSIA-eligible SAF and biofuels business, giving clients a single counterparty across allowances, credits and physical fuel supply.

Alkagesta has expanded its Singapore operations, securing storage at Horizon Terminal and reaching a 5% share of the local marine fuels market.
Alkagesta representatives attended the GTR Asia 2026 conference in Singapore to strengthen financial partnerships and review the expansion of its regional marine fuel and naphtha trading operations.

Alkagesta Asia has reached a monthly volume of 200,000 metric tonnes in Singapore, supported by new storage infrastructure and a USD 1.2 billion global trade finance platform.

Commodity trader Alkagesta has achieved ISCC CORSIA certification, enabling the supply of sustainable aviation fuel to meet international emissions standards.

Malta-based commodity and bunker firm Alkagesta has joined the International Bunker Industry Association as a corporate member to support its ongoing expansion in marine energy.

Alkagesta has detailed its 2025 strategic milestones, including the launch of a biofuels desk, entry into the metals market, and expanded logistics capabilities in West Africa and Singapore.

Marine fuels firm Alkagesta is exploring the expansion of its ULSFO and biofuel supply footprint into Spain to support the Mediterranean emission control area.

Alkagesta is expanding its role in the renewable fuels market by integrating commodity trading and structured finance to support the global circular economy.

Global commodity trading house Alkagesta has joined Suissenégoce, the Swiss association representing international traders, to strengthen its commitment to compliance and sustainable industry practices.

Maltese-based Alkagesta has evolved from a regional bunkering provider into a global commodity trading house, managing flows of petroleum, fertilizers, and biofuels across 42 countries.

Alkagesta has reported sustained growth in its bunkering operations in Singapore, reflecting the company's ongoing expansion in a key global maritime fuel hub.

Alkagesta has secured a strategic agreement to supply conventional and sustainable aviation fuel through the NATO-operated Central Europe Pipeline System, with deliveries set to commence this spring.

Malta’s bunkering sector is undergoing a structural transition as new environmental regulations drive demand for cleaner fuels and test the flexibility of existing terminal infrastructure.

Singapore’s bunker market has shown structural resilience following the February 2026 Hormuz supply disruption, as Alkagesta emphasises the critical role of infrastructure and supply chain control.

CF Industries, Trafigura and TFG Marine have signed a memorandum of understanding to develop a supply chain for low-carbon ammonia as a marine fuel, initially targeting the U.S. Gulf Coast and Northwest Europe.

Geopolitical tensions and record-low Rhine water levels are disrupting global shipping, with transit volumes falling and inland barge distribution facing a near-total standstill.

Alkagesta has posted record first-half 2026 revenue of $3.5 billion, supported by a 53% increase in trading volumes and strategic expansions into aviation fuel and increased storage capacity.

Alkagesta has gained access to the Argus Open Markets window for European biodiesel, HVO and UCO, enhancing its role in sustainable fuel price discovery.

Alkagesta’s August market analysis examines how stalled diplomatic efforts and record-low Rhine water levels are impacting global fuel availability and pricing.

Alkagesta has released its 1H 2026 Performance Update, highlighting a strategic entry into crude oil trading with two Suezmax cargoes and continued growth in its Singapore marine fuel distribution business.

Alkagesta has integrated EU Emissions Trading System allowances into its carbon trading portfolio, with plans to include the expanded ETS2 framework from 2028.

Norwegian operator GMI Group has doubled its hydrogen-powered bulker programme to four vessels, supported by significant public funding and new cargo contracts.

Demand for B24 and B30 blends grew through the summer as operators trialled compliance strategies ahead of tighter carbon-intensity rules.

Electronic documentation replaces paper records and is intended to improve transparency in fuel quantity and quality disputes.