Manage NGL Lone Star’s natural gas liquids portfolio including but not limited to:
Working closely in a team environment to develop and execute position, price risk management and trading strategies that create value added revenue around physical assets.
Negotiate and maintain spot and long term third-party NGL purchase and sales agreements.
Work closely with NGL scheduling and analytical resources to effectively manage the ongoing utilization of pipeline, fractionation and storage space obligations and opportunities, and to understand the physical flow capabilities and limitations within pipeline and storage systems.
Develop and maintain industry contacts.
With others in the Department, proposes new accretive business and asset opportunities.
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Purchase and sell natural gas liquids effectively around Lone Star’s pipeline, fractionation and storage assets.
2. Develop and maintain effective commercial relationships
3. Negotiate NGL purchase and sales agreements.
4. Utilize market analysis to develop a clear and consistent point of view on expected future movements of prices and margins impacting Lone Star and Energy Transfer profitability
5. Actively participate in trading and risk management process for Lone Star and Energy Transfer
6. Monitor global NGL/olefin markets trends to identify strategic opportunities and concerns.
7. Perform the primary thinking encompassed by this job description.
8. Comply with all Company policies and procedures.
9. Fully supports Company goals of continuous improvement and operational excellence at strategic and tactical levels including reviewing area of responsibility for improvement opportunities to initiate projects or communicate ideas to management as well as active participation on project teams.
10. Any additional responsibilities or tasks as assigned.
Requires degree in engineering, business, economics or other related field.
A minimum of 5 years related experience.
Knowledge of industry infrastructure, market factors affecting supply/demand, production and derivative processing economics, trading and derivatives, price risk management, product distribution and storage, companies and individuals in purchasing roles, and generally accepted practices for conducting business in the industry.
Demonstrated ability to lead or participate in the development of commercial strategies that create and capture value both short and long term. Skills in the administration of business processes necessary to identify, analyze, and prioritize commercial opportunities, including but not limited to commercial models using Excel, discounted cash flow analyses, and statistical analysis
Energy Transfer Equity, L.P. operates through its subsidiaries, Energy Transfer Partners, L.P. (ETP), Energy Transfer Partners G.P., L.P...