Counsel IST - LNG

Job ID: 694943
Category: Sales
Salary: Negotiable
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Role synopsis
The IST - LNG lawyer will provide legal support to the Singapore IST LNG business which handles: (i) long-term acquisitions of LNG from supply sources in Trinidad, Egypt, the US and Australia; (ii) LNG trading in Asia-Pacific and the Middle East; (iii) mid and long-term sales of LNG; and (iv) possible investments for equity, off-take and supply rights at new liquefaction and re-gasification terminals. The IST - LNG lawyer supports these activities through risk identification, document drafting and negotiation, structuring of transactions, providing regulatory compliance advice, and advising on disputes.
Key accountabilities
Working as part of a small legal team spread among London, Singapore and Houston, the IST - LNG lawyer will work closely with a local group of originators and traders and other functional partners (such as Credit, Tax, Operations, Shipping, and Product Control). The accountabilities require that the lawyer: 1. Draft and negotiate: • LNG master trading agreements with counterparties • transaction documentation for short and mid-term transactions; • Mid- and long-term LNG sale and purchase agreements; • Investment documentation, including JV agreements, associated with off-take and supply rights at liquefaction and re-gasification terminals and associated downstream infrastructure;
2. Advise on contract events, including force majeure, late ship arrivals, cargo scheduling issues, credit support, price re-negotiations and disputes;
3. Provide structuring and compliance guidance related to trading, joint ventures, marketing arrangements, LNG value chain optimisations and risk mitigation;
4. Contribute to improvement of contracting procedures, design of new structures and products to meet market developments, and strategic business studies;
5. Exchange experience and best practice within the global LNG legal team through informal and structured collegial interaction.
Essential Education
Law qualification in a Common Law jurisdiction.
Essential experience and job requirements
Sound understanding of UK/US contract law. • Experience of client counselling and transactional work (project or trading transactions). • Capacity for collaborative team-work, including coordination with multiple contributors and effective management of resources. • Commercial awareness and capacity for effective contribution to business results, including an ability (after appropriate consultation with colleagues and subject matter experts) to offer multiple solutions to address risk as circumstances warrant. • Strong interpersonal and communication skills including an ability to work with colleagues and business counterparts so as to advise on legal aspects of transactions, including compliance issues.
Other Requirements (e.g. Travel, Location)
There are no additional requirements. Please respond with N/A below.
Desirable criteria & qualifications
Experience in the LNG industry, including negotiation or management of master trading agreements and associated transactions, long-term LNG supply and off-take contracts, terminal capacity and throughput arrangements, scheduling and logistics, and pricing formulae and disputes. • Knowledge of relevant compliance law, including that related to competition, anti-corruption and anti-money-laundering. • LNG-related upstream experience. • Experience working in region.
Relocation available
Travel required
Negligible travel
Is this a part time position?
About BP
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. With a workforce of 80,000 employees, BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

The purpose of the Legal function is to provide legal services to the Group in order to further the maximisation of business opportunities and value and the minimisation of business risks and liabilities.

BP Legal lawyers and support staff work closely with their colleagues in the Businesses, Regions and Functions to deliver exceptional results in transactions, disputes and issues management.

Building on its existing strength, BP Legal has developed its strategic priorities, in line with the Group Strategy, to achieve its vision and address present and foreseeable challenges.
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