1. What people are talking about ​

Novatek Plots New LNG Project on Europe’s Doorstep – Novatek plans a new liquefaction project in north western Russia — a location with pros and cons — potentially bringing an extra 20.4 million tons per year of capacity on Europe’s doorstep by the end of this decade.

European Gas Slips as Sluggish Chinese Data Damps LNG Demand – European natural gas resumed declines as traders focused on sluggish demand, high renewables output and concerns over China’s economic recovery.

Plunging LNG Prices Have Traders Bracing for US Export Cancellations – As global liquefied natural gas prices nosedive, traders are bracing for the possibility that US cargoes will be cancelled in the coming months.

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What we are currently working on ​

• Senior Originator – Structured Origination (Power)
• Power Trader
• LNG Physical Trader

If you are interested in any of these roles, please reach out to us by clicking the link below or via the contact details at the end of this newsletter. Alternatively, click here for more jobs.

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​6 months into 2023, here are some of the hiring themes we’re seeing in LNG

In 2023, the recruitment landscape in LNG trading in Asia has been influenced by several key themes. Here’s a summary of some of these themes:

1. Increased Market Activity: The LNG trading market in Asia has witnessed significant growth, driven by rising energy demands and the region’s increasing reliance on LNG imports. As a result, there has been a surge in recruitment efforts to attract professionals with expertise in LNG trading, market analysis, risk management, and supply chain logistics.
2. Focus on Financial and Commodity Trading Skills: The complexity of LNG trading requires professionals with a strong background in financial and commodity markets. Recruitment efforts in Asia have placed a premium on candidates with knowledge of derivatives, hedging strategies, price modelling, and risk assessment. Proficiency in quantitative analysis and the ability to navigate trading platforms and systems are highly valued.
3. Understanding of Global Market Dynamics: LNG trading in Asia is intricately linked to global market dynamics, including supply and demand fundamentals, geopolitical factors, and regulatory frameworks. Recruitment efforts have targeted candidates who possess a deep understanding of these dynamics and can make informed trading decisions in a rapidly changing environment.
4. Digitalization and Technology Integration: The adoption of digital technologies and trading platforms has transformed the LNG trading landscape. As a result, companies are seeking professionals who are proficient in utilizing data analytics, artificial intelligence, and automation tools to optimize trading strategies, improve risk management, and enhance operational efficiency.
5. Cross-Cultural and Language Skills: Asia is a diverse region with various LNG importers and exporters, each with unique cultural and linguistic nuances. Recruitment efforts have emphasized candidates who possess cross-cultural competence and language skills to effectively engage with stakeholders across different markets, negotiate contracts, and build strong business relationships.
6. Regulatory Compliance and Risk Management: Compliance with international and regional regulations is crucial in LNG trading. Companies are actively seeking professionals who have a strong understanding of regulatory frameworks, compliance requirements, and risk management practices. Candidates with experience in managing regulatory challenges and ensuring adherence to compliance standards are in high demand.
7. Sustainability and ESG Considerations: Similar to the broader LNG industry, sustainability and environmental, social, and governance (ESG) considerations play an increasingly important role in LNG trading. Recruitment efforts have targeted candidates who can integrate ESG factors into trading strategies, evaluate the carbon intensity of transactions, and assess the environmental impact of supply chains.
8. Talent Retention and Succession Planning: Given the competitive nature of the LNG industry, companies are placing increased emphasis on talent retention and succession planning. Organizations are investing in employee development programs, leadership training, and mentorship initiatives to nurture and retain top talent. Recruitment efforts may also focus on identifying candidates with potential for long-term growth within the company.

Overall, the LNG recruitment landscape in Asia in 2023 is characterized by a demand for professionals with expertise in sustainability, digitalization, regional market knowledge, and a diverse skill set. Companies are actively seeking individuals who can contribute to the industry’s growth, navigate evolving challenges, and shape the future of LNG in the region.

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​Market Moves

• ​Dipak Agarwalla, formally Global Gas Market Analytics Manager at Shell (Singapore), joins Petronas (Kuala Lumpur) as Head of LNG Analytics.
• Prabhu Singh formally, Senior LNG Shipping Operator at SEFE Marketing and Trading, joins Novatek Gas & Power as LNG Chartering Manager.
• ​Albert Tang, formally Asia Head of Credit – Gas, Power & LNG at BP, joins Morgan Stanley as Executive Director.
• ​Rahman Hakim, formally Energy Market Analyst at Energy Exemplar, joins Vitol as LNG Origination Manager.
• ​Wei Jie See, formally Head of LNG Trading at Concord Energy, joins ENN as Senior Trading Manager.
• ​Xiao Yue Chen formally Market Originator (Biofuels) at BP, joins Cepsa as Biofuels Trader.

Sami Jacobs

Consultant

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+65 3165 0710

sami@aurexgroup.com

EA 18S9493 | R2092031​