LNG spot trading hiring back with renewed potency
What People are talking about: China’s Taking Control of LNG as Global Demand Booms A rush by China to sign new long-term liquefied natural gas deals promises to give the nation even more control over the global market at a time when competition for cargo is booming. China completes first yuan-settled LNG trade Chinese…
What People are talking about:
China’s Taking Control of LNG as Global Demand Booms
A rush by China to sign new long-term liquefied natural gas deals promises to give the nation even more control over the global market at a time when competition for cargo is booming.
China completes first yuan-settled LNG trade
Chinese national oil company CNOOC and France’s TotalEnergies have completed China’s first yuan-settled liquefied natural gas (LNG) trade through the Shanghai Petroleum and Natural Gas Exchange.
QatarEnergy Takes Over All Qatar LNG Marketing
Once the restructuring is concluded, “QatarEnergy will be the single point of responsibility for all existing and prospective customers interested in the purchase of energy products from the state of Qatar”.
Europe’s Gas Buyers Can’t Quit Russian LNG
Importing more from Moscow may not be a good look, but policymakers have few other options.
Vitol Cements Position as Top LNG Trader Among Peers
Swiss oil trading giant Vitol saw its LNG volumes nudge upwards to 17.6 million tons last year, cementing its status as the top marketer of the super-chilled fuel among the leading independent oil traders.
ADNOC to raise $2 billion by listing natural gas business in the largest public offering in 2023
Abu Dhabi National Oil Co. will offer a 4% stake in ADNOC Gas, formed through a merger of liquefied natural gas (LNG) and gas-processing arms. The IPO will start on Feb. 23 and the final offer price will be on March 3, with trading slated to start 10 days later.
What we are currently working on:
- LNG Physical Trader
- Senior LNG Contract Negotiator
- LNG Derivatives Trader
If you are interested in any of these roles, please reach out to us via the contact details at the end of this newsletter.
Alternatively, click here for more jobs.
LNG spot trading hiring back with renewed potency
After a 12-month hiatus, APAC LNG spot trading hiring activity is on the rebound with several hiring initiatives already commenced so far this year; a far cry from 2022 where we observed little-to-no spot trading talent movement / external hiring initiatives. With LNG prices starting to balance off, in turn promoting increased spot trading activity, particularly amongst price-sensitive players, we are seeing the emergence of what was once ‘dormant’ players coming back onto the scene. And what better time to expand? – 2022’s volatility created a wave of record profits across the market which enabled companies to reinvest profits into scaling up their LNG capabilities; a trend that we’ve observed particularly amongst the producers, majors, and state-owned enterprises. Please feel free to reach out to me if you wish to learn more.
Market Moves:
- Iman Santoso, former LNG Marketing manager at Chevron parted ways after 18 years of service to pursue philanthropic work.
- Kevin Goh, former Business Development Manager – LNG Mozambique at Eni Trading & Shipping, joins ExxonMobil as LNG Originator.
- Srinath Iyer, the former Senior LNG Business Developer at BP IST, joins Google Senior as Strategic Negotiator, Energy.
- Lee Bradshaw, former Head of Asia Pacific Power Trading APAC at RWE, joins AXPO Singapore as Head of Power Trading APAC.
- Ameko Zhang, former Power & Gas trader at Engie GEM has been promoted to Head of APAC Gas Trading.
- Michelle Li, former Commercial Manager – Singapore Gas & Power at ExxonMobil, joins Jera LNG Portfolio Strategy as Commercial Manager.
- Valery Chow, former Vice President & Head of APAC | Gas & LNG Market Research at Wood Mackenzie (Singapore), joins Aramco (Al Dhahran) as Senior Strategist | Downstream Strategy & Capital Planning.
- Sharif Islam, Division Manager, LNG Marketing & Business Development – Europe & Americas at Qatargas (Doha), joins SEFE (London) as a Structured LNG Trader.
- Lena Ren, former Senior Market Developer – Marine LNG parts ways with Shell (Beijing).
- Sean (Byeong Jo) Min, former LNG Trader at POSCO, joins BP IST as LNG Originator.
- Daisuke Shinozuka, former Senior Manager, LNG Optimization & Trading at Tokyo Gas Asia, has been promoted to General Manager, LNG Trading.
Sami Jacobs
Consultant
+65 3165 0710
EA 18S9493 | R2092031