Graeme Lilley

Senior Gas Trader at EP Commodities, a.s.
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Contact Information
us****@****om
(386) 825-5501
Location
UK
Languages
  • English Native or bilingual proficiency
  • French Limited working proficiency

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Angela Turner

Graeme was an integral part of EDFT's 24/7 Gas Operations team for almost two years. In that time he proved himself to be a conscientious and reliable employee with a high standard of attention to detail. He would proactively identify more efficient processes and share that knowledge with the rest of the team. His abilities were recognised by the Gas Trading Desk and he moved internally to become a Gas Trading Analyst.

Alan Whitefield

I worked closely with Graeme on the gas desk and he became a central point for information flow around the desk. His long and short term supply/demand forecasts helped me in my daily activities. A particular benefit for me was the live position report where he overcame many technicalities from the start and produced it in a timely fashion. It was a pleasure working with him and he was an asset to the team.

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Credentials

  • CEGH Gas Exchange Spot Market
    Central European Gas Hub AG
    Sep, 2014
    - Nov, 2024
  • EEX Exchange Trader
    European Energy Exchange AG
    Dec, 2013
    - Nov, 2024
  • FSA Unit 1 - Financial Regulation
    Chartered Institute for Securities & Investment (CISI)
  • FSA Unit 3 - Derivatives
    Chartered Institute for Securities & Investment (CISI)

Experience

    • Czechia
    • Oil and Gas
    • 1 - 100 Employee
    • Senior Gas Trader
      • Oct 2022 - Present

    • United Kingdom
    • Oil and Gas
    • 200 - 300 Employee
    • Senior Gas Trader
      • Apr 2020 - Sep 2022

      Promoted to Team Lead in January 2022, taking on the management of three colleagues covering five main area’s: 1) Proprietary Trading Book: proven track record of exceeding targets the past few years with most recently achieving 17x VAR. Knowledge and ability to have confidence in taking positions in any European gas market for the front three calendar years; however most focus has been on the liquid hubs.2) Portfolio Optimisation:o Hedging large portfolio volumes into the market without sacrificing value and various points throughout the year.o Working on various virtual storages whilst bundling together different contracts each with individual limitations.o Managing supply contracts during maintenance periods.o Optimising unused storages and space across various countries.o Virtual transportation deals to save on fuel gas and uneconomical flows.3) Transportation:o Optimising long term Interconnector and BBL capacity.o Flowing gas throughout Europe by booking long and short-term capacity and negotiating capacity purchases direct with counterparties.o Beach gas supplies in the United Kingdom and Europe.o Full awareness of flow costs and keeping on top of developments as the energy complex evolves.o Managing foreign exchange exposure resulting in trading across various countries in Europe.4)Eastern Europe Storage:o Optimising a 10TWh storage in Slovakia, 2TWh in Austria with cross-border functionality. Recent extension for a further 5 years.o Variousfixed profile storages to help the Storage Operator manage flows.o Multiple virtual deals in Slovakia.o Trading at border points in Slovakia/Austria/Hungary/Italy/Czech Republic and transportation deals to use unutilised capacity.5) Prompt Trading:o Managing the team of prompt traders and assisting in busy periods/holiday cover.o Always looking for new opportunities by booking capacity and leaving assets un-hedged into delivery to take advantage of market movements. Show less

    • Gas Trader
      • Jan 2016 - Apr 2020

      Same as Senior Gas Trader activities.

    • Spot Gas Trader
      • Feb 2015 - Dec 2015

      Managing the short-term trading and balancing activities of the company whilst optimising the portfolio to return a profit.· Booking short term capacity whist efficiently optimising the long-term assets (storage and interconnectors).· Liaising with all traders to manage their spot positions and to provide internal offsets.· Regular position checks with the operations team to ensure trading to the correct position.· Working closely with the storage traders to balance their short-term positions and provide internal offsets.· On call for out of hours emergencies and advice for the operations shift team.Proprietary Trading Book: once established in the role was given own book with the scope to trade out to the front calendar year and showed a good return on a small VAR, particularly looking into areas not necessarily focused on by other colleagues. Taking positions to be balanced out of hours by the shift team to capture volatile price moves. Show less

    • Lead Gas Operator
      • Jan 2014 - Jan 2015

      Managing a team of seven shift operators and covering shifts when required.· Understanding the complexities of any new facility/pipeline/transport route/network entered and training the whole team in its use including required deadlines. Testing and establishing communication methods including Edigas, digital certificates and integrating them with internal nomination and position systems.· Creating a library of procedures for the shift operators.· On call out of hours to assist with any problems that arose.· Liaising with the traders to make sure the operators were able to work within their means whilst maintaining operational excellence.· Providing holiday cover for the Prompt Trading Desk when required with very successful results. Trading the within day market for the company and nominating any new trades and flows in a timely fashion.· Initiating a within-day trading role for the shift operators to gain experience in trading activities on a six-week rotation to give them more confidence out of hours. Show less

    • Gas Operator
      • Feb 2012 - Dec 2013

      Brought in as an experienced hire to work on the 24 hour shift team from its creation in 2012. Point of contact for the other 6 members of the shift team to provide training and share knowledge of the role. Established many new policies and procedures to aid in the smooth running of the team.• Managed daily nominations for a large portfolio across Europe, whilst dealing very closely with parent company and ensured the company was balanced in each network within the required regulations.• Given full remit to optimise the within day (weekend and day ahead out of hours) portfolio from the traders by trading in the relevant markets. Able to use exchanges, storage sites, capacity and contact counterparties to take advantage of price fluctuations and maximise profits for the company. • Working very closely with the Transportation team to make sure we have the required capacity and liaising with them to book additional capacity when required.• Suggested and implemented various new developments to systems and processes to assist in the daily activities of the team bringing knowledge of how shift teams operate in other companies.• Proven to be able to react to any flow restrictions or market circumstances which affect the portfolio and take steps to minimise any financial impact they have caused. Has confidence in his ability offer solutions to problems and to resolve them in a timely fashion. Show less

    • United Kingdom
    • Oil and Gas
    • 700 & Above Employee
    • Gas Trading Analyst
      • Jul 2009 - Aug 2011

      Established the position of gas analyst within the company and organised the information database. Worked closely with the fifteen gas traders to prioritise the extensive workload to achieve the maximum benefits to the desk whilst vastly increasing data flow. • Produced a UK demand forecast on a daily basis and seasonal supply/demand models with various scenarios.• Automated daily and weekly report giving a concise snapshot of demand, flows, prices and storage changes distributed throughout the EDF Group in a timely fashion.• LNG Report listing all expected LNG arrivals to North-West Europe (including historical arrivals), terminal send out and tank levels, berthing slots and tracking possible arrivals.• Monitor multiple data sources (Bloomberg, Reuters and various subscription journals), review and immediately distribute relevant information around the desk/company.• Annual maintenance schedule for Fields, Terminals, Storage Sites and Pipelines in Europe.• Creating and maintaining automated spreadsheets to show:o Live trading position for the gas desk – this generated twice daily position reports, showing changes from the previous day for all gas desk books and markets.o Storage flows and estimated stock levels.• Loading LNG onto road transport – initiated the project, established customer base, demand and requirements. • Evaluated potential new storage opportunities in various countries, calculated pricing structures and entered capacity auctions.• Created daily pricing file for trading customers, sent and received within strict deadlines.• Calculated, monitored and distributed foreign exchange positions on a daily basis and transacted. Show less

    • Gas Operations
      • Nov 2007 - Jul 2009

      Worked on the 24 hour operations shift team from when it was created in December 2007 and gained a great deal of experience in the trading side of the gas industry, including: • Managed daily nominations across the UK and the Continent in a timely manor. Ensured that all delivery points were balanced and resolved any imbalance queries.• Endeavoured to obtain the best economic results within the marketplace whilst carrying out gas operation duties including identifying the best trading opportunities out of hours. • Managed and checked storage, capacity and commercial natural gas contract requirements.• Updated and effectively managed external systems for timely nominations.• Posted deliveries on the CVA (Claims Validated Agency) website to declare quantities flowed at the terminals, reviewed with counterparts and resolved any issues.• Assisted with the introduction of various new networks into the EDF Trading portfolio prior to trading commencement through the knowledge gained through GMSL.• Managed the LNG operations within the company’s portfolio. Show less

  • GMSL
    • Cambridge, United Kingdom
    • Operations Controller Shift Leader
      • Feb 2005 - Oct 2007

      Worked at GMSL for two and a half years and progressed to become a Shift Team Leader in just over a year and a half. • Supervision of a team of 2-3 people. • Responsible for the daily/day-ahead balancing of 35 different companies portfolios. • Managed field and storage nominations and gas transportation through Europe. • Managed portfolio positions and ensured that all relevant internal and external systems were updated. Worked at GMSL for two and a half years and progressed to become a Shift Team Leader in just over a year and a half. • Supervision of a team of 2-3 people. • Responsible for the daily/day-ahead balancing of 35 different companies portfolios. • Managed field and storage nominations and gas transportation through Europe. • Managed portfolio positions and ensured that all relevant internal and external systems were updated.

Education

  • University of Leeds
    BEng, Mechanical Engineering
    1999 - 2003
  • The Perse School for Boys, Cambridge
    A Levels: Maths, Physics, Business Studies
    1991 - 1998

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