Gas Trader

Gas Trader

Repsol

Madrid, Spain

Main tasks:

The Gas Trader will be responsible for executing and optimizing trading strategies across European gas markets. This role requires strong analytical skills, commercial acumen, and the ability to thrive in a dynamic, fast-paced environment. The Gas Trader will contribute to the team’s P&L, manage risk, and build relationships with key market participants, supporting the company’s efforts to maximize the value of its gas portfolio and maintain compliance with all regulatory requirements.

• Execute proprietary and/or asset-backed gas trades across European hubs (TTF, NBP, PEG, MIBGAS, etc.), with a focus on the Spanish market;
• Optimize storage, transport, and LNG positions to maximize commercial value;
• Conduct market analysis to identify trading opportunities and emerging trends in short-term and seasonal markets;
• Ensure robust risk management and compliance with internal and external regulatory frameworks;
• Collaborate with analytics, scheduling, and risk teams to ensure accurate trade capture, reporting, and performance analysis;
• Build and maintain strong relationships with counterparties, brokers, and market operators;
• Support the Head of Gas Trading and other traders in developing and executing advanced trading strategies;
• Prepare regular reports on trading performance, market insights, and profitability for senior management.

You will fit the position if:

• Bachelor’s or Master’s degree in Economics, Engineering, Finance, or a related quantitative field;
• 3–7 years of front-office trading experience in European gas markets, with a preference for experience in Spanish transport and storage;
• Proven track record of delivering P&L results and managing trading strategies;
• Strong understanding of European gas fundamentals, storage economics, and LNG flows;
• Proficiency in Python, SQL, and Excel; experience with ETRM systems (e.g., Allegro, Endur) is highly desirable.