LNG Asset Optimiser

Entity:

Supply, Trading & Shipping

Job Family Group:

Supply & Trading Group

Job Description:

About the role:

The LNG market has been developing rapidly and now provides a mechanism for gas-on-gas competition between regional markets. BP has been leading this change through its strong LNG portfolio.

The LNG Book within GPTI (“Gas and Power Trading International”) is responsible for optimising BP’s advantaged portfolio of assets. These include equity and third-party LNG supply; long term re-gasification and liquefaction contracts in the US and Europe; customers in Asia, the Middle East, South America and other premium markets; and a fleet of BP operated and third party chartered ships.

The LNG book has grown to become a significant contributor to T&S (“Trading and Shipping”) and is also one of the four strategic growth pillars that T&S has selected for its future growth potential.

The LNG Book trades regional arbitrages using linear and non-linear spreads on NBP, TTF, Henry Hub, JKM and Crude. This integration of paper trading activity within the core physical business of optimisation and risk management allows the book to leverage its overall trading performance.

The Asset Optimisation team sits within the Structuring organisation within TA&I (“Trading Analytics and Insight”) and works closely with the trading book to develop tools, strategies and analysis to add new value.

What you will do:

The role reports to the Manager LNG Atlantic Asset Optimisation and responsibilities include:

• Develop deep knowledge of LNG pricing clauses, structures and optionality to model BP LNG supply and market contracts. Develop tools and dashboards that clearly set out the key elements of these contracts and how they can be optimised.

• Proactively generate portfolio optimisation suggestions to maximise PnL delivery.

• Generate deal economics, cargo pricing, exposure changes and identification of potential market opportunities. Provide summary commentary with data output, including key assumptions, PnL and exposure output, sensitivities and caveats.

• Support the team to improve and streamline our suite of tools and models to remain flexible and nimble, and to ensure we are maximising value from the increasing volumes and complexities with our contracts. This includes driving systems enhancements.

• Pro-actively support the team’s operational processes to ensure that our system of record is capturing and reporting the optimal PnL and exposure at all times. This will involve co-ordinating system updates with other teams, providing clear communication to enable accurate hedging decisions to be taken and constantly reprioritising workload to help deliver the most value

• Ensure maximum synergies with other teams within TA&I and the LNG business through collaboration on operational tasks, embedding new business and system/process improvement projects.

• Deal entry and management: assist front office in ensuring physical deal information is correctly captured in our system of record in a timely manner all the way through the LNG deal lifecycle.

What we're looking for:

• Good understanding of physical and financial trading concepts

• Proven track record in analytics and/or optimisation. Confident in manipulating large and complex data sets.

• Attention to detail to provide accurate information for the optimisation of the portfolio.

• Highly organised with the ability to manage conflicting priorities in a fast and constantly changing environment.

• “Can do” attitude: confident with difficult situations or the absence of a definite framework

• Ability to assimilate complex and ambiguous data to identify key issues and reach correct conclusions.

• Appetite for shared commitment to the success of the team.

Desirable criteria and qualifications

• Experience working in an LNG or gas trading environment.

• Knowledge and application of Python or similar programming language.

• Understanding of ETRM systems and how to use them to accurately represent contractual exposures and optionality.

• Experience in optimisation of commodities and assets and the optionality inherent in physical contracts.

• Experience of supporting commercial decision making.

Why Join us:

At bp, we offer a supportive and inclusive environment where you can grow and develop your career. We provide flexible ways of working, competitive benefits, and opportunities to learn within a global organisation. We are committed to building a diverse workforce and creating a culture where everyone feels valued, respected, and able to thrive.We understand that people have different priorities and responsibilities, which is why we offer a range of benefits and flexible options to help you balance work and life effectively.

Join us in shaping the future and take the next step in your career with bp. Apply now.

Travel Requirement

Negligible travel should be expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

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