Context & Environment

Location: Dubai, United Arab Emirates
Company: BxT Trading
Contract Type: Local

BxT is a joint venture between TotalEnergies and Bapco Energies, bringing together complementary market expertise, trading capabilities and regional presence.

Based in Dubai, the LPG Trader will join BxT's trading activities with responsibility for developing and managing physical and paper LPG trading opportunities, with a strong focus on commercial performance, physical optimization and shipping economics.

This is a hands-on trading position requiring an experienced LPG professional who can operate with a high degree of autonomy from the outset. The successful candidate will combine a deep understanding of global LPG markets with strong physical trading expertise and a thorough command of chartering and freight economics.

Activities

• Trade physical LPG cargoes across spot and term markets, identifying and executing profitable trading and arbitrage opportunities.
• Develop and manage LPG trading strategies across physical and paper markets, with clear accountability for risk and value creation.
• Identify and monetize optionality across cargoes, locations, timing, specifications, logistics and freight.
• Assess global LPG fundamentals, trade flows, supply and demand dynamics, pricing structures and regional arbitrage economics to develop actionable trading views.
• Understand and actively manage the relationship between LPG and related markets, including naphtha, gasoline and other relevant products.
• Take an active role in the chartering of vessels required for LPG trading activities, integrating freight strategy directly into trading decisions and cargo economics.
• Evaluate vessel availability, freight rates, voyage economics, positioning, laycans, terminal constraints, demurrage exposure and other shipping considerations when assessing and executing trades.
• Work closely with shipbrokers, owners, operators and internal stakeholders to negotiate and execute commercially competitive freight solutions.
• Evaluate the full economics of physical transactions, including commodity value, freight, terminal costs, operational constraints and associated risks before committing to trades.
• Participate in commercial negotiations from opportunity identification through contractual agreement, chartering, execution, loading and delivery.
• Develop and maintain strong relationships with LPG producers, suppliers, customers, trading counterparties, shipowners, brokers and other relevant market participants.
• Anticipate and evaluate the impact of trading decisions from a market risk, credit, operational, shipping and financial perspective.
• Coordinate closely with Operations, Shipping, Risk, Credit, Finance and other trading teams to ensure efficient execution and optimization of the portfolio.
• Contribute to the development of BxT's LPG activity, market presence and commercial network.

Accountabilities

• Accountable for contribution to the LPG trading P&L and the profitable development of the portfolio and associated trading strategies.
• Responsible for managing trading positions within delegated risk limits and applicable governance.
• Accountable for ensuring that physical trading and chartering decisions are commercially coherent and appropriately reflect freight and operational risk.
• Responsible for compliance with contractual obligations related to spot, term, physical, paper and shipping activities.
• Ensure trades and chartering activities are conducted in accordance with applicable compliance, sanctions, HSE, vetting and internal control requirements.
• Maintain the highest standards of business integrity, ethics and professional conduct expected within the BxT joint venture environment.

Candidate Profile

Additional Information