Wholesale Gas and LNG Legal Advisor
About the job
- A Bachelor's degree in Law.
- At least 3 years of experience in a similar position in a gas/LNG trading business or another commodities business.
- Demonstrated ability to apply legal training to commercial contract drafting, negotiation, risk identification, and transaction execution within a business environment.
- Ability to draft, assess, and negotiate LNG/natural gas contracts.
- Ability to collaborate across multiple organizations and disciplines, and to lead conflict management and resolution.
- Verbal and written communication skills in English and Spanish.
- Understanding of negotiation tactics and prioritization based on forecast requirements size, complexity, and strategy.
- Ability to manage multiple negotiations and priorities in a deadline-oriented trading environment.
- English proficiency at B2 or higher.
- Analyze proposed transactions during the pre-deal phase and advise Front Office stakeholders on contractual structure, allocation of contractual risk, obligations, protections, and potential mitigation alternatives.
- Draft, review, and negotiate Master Sales and Purchase Agreements, EFET agreements, the Acuerdo Marco for the Spanish Gas Market, ISDAs, services agreements, LNG confirmation notices, and other contractual documents.
- Identify contractual, commercial, credit, operational, compliance, and execution risks and coordinate appropriate review with relevant subject-matter experts.
- Liaise between counterparties and internal commercial, legal, credit, compliance, tax, and operations stakeholders, facilitating timely follow-up and ensuring contract compliance.
- Serve as the principal point of contact for assigned counterparties and internal stakeholders, coordinating with General Counsel when formal legal review advice is required.
- Collaborate in the onboarding process for new counterparties, including know-your-customer (KYC) procedures.
- Respond to Front Office and Back Office questions, inquiries, and requests for clarification regarding contractual terms and conditions.
- Maintain clear records of negotiations, approvals, contractual deviations, executed documents, and relevant obligations.
- Contribute to developing and continuously improving contract templates, clause libraries, negotiation guidance, deviation matrices, policies, procedures, controls, and contract management systems.
- Escalate matters outside delegated authority or requiring specialist legal, tax, compliance, credit, or regulatory review.
About the company
Repsol is an energy company that operates across the oil and gas value chain, including exploration, production, refining, and selling fuels, and is expanding into a multi-energy portfolio as part of the energy transition. Its products come from extracting hydrocarbons, processing them into fuels and other energy products, and distributing them to markets, while it increasingly adds new energy forms and services. The company differentiates itself through its long history of international expansion, strategic partnerships, and large-scale asset transactions, such as selling a stake to EIG to fund its transition. Its goal is to monetize its existing assets while accelerating the shift to a diversified, lower-carbon energy mix, potentially supported by a US IPO for its upstream unit from 2026 onward.
Company Size
10,001+
Company Stage
IPO
Headquarters
Madrid, Spain
Founded
1987
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Simplify's Take
What believers are saying
- First-half 2026 adjusted net income hit €2.711 billion, up 135% year over year.
- Pikka should reach 80,000 gross barrels daily in Q3 2026, lifting upstream volumes.
- Repsol announced €850 million buybacks and an 8% higher 2026 cash dividend.
What critics are saying
- CNMC fined Repsol €20.5 million on February 3, 2026 for margin-squeeze practices.
- Venture Global beat Repsol in January 2026 LNG arbitration, weakening contract enforcement leverage.
- Repsol says 90% of crude contracts miss EU methane rules before January 1, 2027.
What makes Repsol unique
- Repsol pairs Alaska upstream growth with renewable asset rotations, funding transition without starving returns.
- Pikka started in May 2026, giving Repsol a rare new North Slope growth engine.
- Masdar and Stonepeak validate Repsol’s renewable platform as a monetizable, partner-friendly asset base.
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Benefits
Hybrid Work Options
Company News
Repsol E&P S.à r.l. (Repsol E&P), the holding company of the exploration and production (Upstream) business of Repsol, S.A. (Repsol) Group, through
Repsol SA reported strong Q2 2026 results with adjusted net income of €1.8 billion, over €1 billion higher year-on-year. First-half adjusted net income reached €7.2 billion, up 135% compared to 2025. The Spanish energy company reduced net debt to €3.7 billion by end of Q2, down €1.1 billion from March 2026. Its gearing ratio stood at 11.3%. Repsol achieved a major milestone with the start-up of the Pikka project in Alaska. Production reached 558,000 barrels of oil equivalent per day, 4% above the previous quarter. The company announced a total cash dividend of €1.051 per share for 2026, approximately 8% higher than 2025. However, geopolitical tensions around the Strait of Hormuz created extreme volatility, whilst a €1.3 billion working capital build-up affected cash generation.
Abu Dhabi's Masdar has finalised an agreement to acquire a 49.99 per cent stake in Spain's Repsol Renewables for €849 million ($978 million). The transaction includes 705 megawatts of operational capacity comprising six solar parks and 13 wind farms, with potential to add 565MW in future. Subject to regulatory approval, the deal is expected to close by year-end. Once completed, Masdar will have 4.1 gigawatts of operational capacity across the Iberian Peninsula, with approximately 1GW under development. Owned by Taqa, Adnoc and Mubadala, Masdar has developed projects in over 40 countries with combined capacity exceeding 51GW. The company aims to reach 100GW of renewable capacity by 2030, supporting the UAE's clean energy and decarbonisation goals.
Talks for Saudi Aramco to buy a minority stake in Repsol's renewables unit have stalled, with no plans to resume. The potential €1 billion ($1.2 billion) investment hit a dead end as Aramco seeks to sell assets and cut costs. Repsol, diversifying into renewables, saw its shares rise 24% in 2025. In 2022, Repsol sold a 25% stake in its renewables business for €905 million, valuing the unit at €4.38 billion. Repsol continues to invest in renewables, prioritizing returns.
Stonepeak has agreed to acquire a 46.3% stake in Repsol's U.S. solar and storage portfolio for $340 million, highlighting a shift towards renewable energy. The portfolio, valued at approximately $795 million, includes the 632-megawatt Frye solar farm in Texas and the Jicarilla complex in New Mexico, which combines 125 megawatts of solar with a 20-megawatt battery storage system. Legal firms Vinson & Elkins LLP and Latham & Watkins LLP represented Stonepeak and Repsol, respectively.