What is BP doing with its pipeline gas trading team and why?

BP plans to dismantle its pipeline gas trading team, laying off around 20 people and folding the remaining staff into its LNG trading book. This move reflects BP’s strategic shift toward liquefied natural gas (LNG) trading, driven by Europe’s post-2022 pivot away from Russian pipeline gas and BP’s broader focus on cutting debt and prioritizing oil and gas projects after an unsuccessful renewables push.

How does BP’s LNG trading activity compare globally, according to the company?

According to BP’s website, the company is active in the LNG market in Europe and is a leading buyer and seller of LNG in Asia and the Middle East, with long-term sales contracts in Japan, Korea, Kuwait, Singapore, Taiwan, and Australia.

BP to Cut Pipeline Gas Trading Team as LNG Focus Grows, Sources Say

May 15, 2026

BP plans to dismantle its pipeline gas trading unit and lay off 20 employees to prioritize liquefied natural gas (LNG) expansion. The move highlights a strategic shift driven by Europe's transition away from Russian pipeline gas toward LNG markets.

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