LPG Trader

Company and Location Context

Position located in Dubai, United Arab Emirates, with BxT Trading, a joint venture between TotalEnergies and Bapco Energies combining extensive market and trading expertise regionally.

Role Overview

The LPG Trader role is a hands-on position demanding an experienced LPG professional capable of independently managing physical and paper LPG trading operations. Responsibilities include driving commercial performance, optimizing physical assets, and evaluating shipping economics.

Key Responsibilities

• Execute LPG physical cargo trades across spot and term markets by identifying and capitalizing on profitable trading and arbitrage opportunities.
• Formulate and oversee LPG trading strategies across both physical and paper markets, with accountability for risk management and value generation.
• Leverage flexibility in cargo timing, location, specifications, logistics, and freight to maximize optionality and returns.
• Analyze global LPG fundamentals, including supply-demand dynamics, trade flows, and pricing structures, to generate actionable market insights.
• Maintain understanding of correlated markets such as naphtha and gasoline to inform trading decisions.
• Lead efforts in chartering vessels essential for LPG trading, integrating freight strategies directly into trade and cargo economics.
• Assess vessel availability, shipping rates, voyage costs, laycans, terminal limitations, demurrage risks, and other maritime considerations prior to trade execution.
• Collaborate closely with shipbrokers, vessel owners, operators, and internal teams to negotiate competitive freight solutions.
• Conduct comprehensive economics evaluations of physical deals covering commodity price, transportation, terminal expenses, operational limits, and associated risks.
• Engage in end-to-end commercial negotiations encompassing opportunity identification, contract formation, chartering, execution, loading, and delivery phases.
• Build and sustain strong relationships with LPG producers, suppliers, customers, trading partners, shipowners, brokers, and other market participants.
• Evaluate and foresee trade impacts across market risk, credit, operational, shipping, and financial dimensions.
• Work closely with Operations, Shipping, Risk, Credit, Finance, and other trading teams for seamless trade execution and portfolio management.
• Contribute actively to expanding BxT’s LPG market presence, commercial network, and overall activity growth.

Accountabilities

• Responsible for positively influencing LPG trading profit and loss and fostering profitable portfolio growth alongside trading strategies.
• Management of trading positions within assigned risk limits and governance frameworks.
• Ensure physical trading and chartering actions are aligned commercially and incorporate freight and operational risk considerations.
• Adhere strictly to contractual commitments covering spot, term, physical, paper, and shipping activities.
• Maintain compliance with internal controls, sanctions, HSE, vetting, and other regulatory or governance policies.
• Uphold exemplary standards of ethics, integrity, and professionalism in the collaborative BxT joint venture environment.

Candidate Profile

• University degree in Finance, Economics, Engineering, Mathematics, Business, or related fields.
• Minimum three years of front-office LPG trading experience within a major energy firm, commodity trading house, or similar physical trading setting, with proven autonomy and P&L contribution capability.
• Strong expertise in global physical LPG markets including trade flows, pricing, arbitrage strategies, and paper trading with derivatives and risk management knowledge.
• Comprehensive hands-on experience in LPG shipping and chartering including vessel selection, freight markets, voyage economics, laycans, terminal restrictions, and demurrage management with an emphasis on integrating freight economics into trading choices.
• Keen insight into the interplay between commodity pricing and freight economics to identify and monetize trading opportunities.
• Established commercial relationships with LPG stakeholders, shipowners, and brokers along with well-developed analytical, commercial, and negotiation competencies.
• Sound judgment in managing trading, operational, and contractual risks in dynamic and volatile market conditions.
• Self-driven and decisive with excellent communication and collaborative skills across Trading, Operations, Shipping, and other departments.
• Strong commitment to integrity, compliance, safety, and responsible trading practices.
• Fluent in English with additional languages being a plus. Willing to travel as needed.

Additional Information

TotalEnergies values diversity, fosters individual development, and provides equal employment opportunities to all candidates.