Tor Bjorn Tornqvist

businessman

Tor Bjorn Tornqvist is a prominent Norwegian businessman and the current chairman of Gunvor Group, a major global energy trading company. He became the majority owner of Gunvor after purchasing a significant stake from Russian businessman Gennady Timchenko in 2014, just before U.S. sanctions were imposed on Timchenko due to the Ukraine crisis. Under Tornqvist's leadership, Gunvor has navigated the complexities of the global energy market, especially amidst increasing scrutiny over its past connections with Russia. As the energy landscape evolves, Tornqvist and Gunvor face challenges related to U.S. sanctions and the shift in energy supply dynamics, particularly with the U.S. aiming to eliminate Russian gas from European markets.