BP’s LNG trading head Jonty Shepard to leave company

In 2006, Shepard took over the role of BP’s global head of LNG, managing the company’s equity production in Trinidad and Tobago, Egypt, and Australia’s North West Shelf. He joined BP in 1992.

Shepard posted on its social media on Tuesday that he will be leaving BP at the end of this year.

“Over the last 17 years I have been lucky enough to grow from a business that optimized equity production from Egypt and Trinidad into a global LNG portfolio,” Shepard said.

Shepard said he does not have any immediate plans for his career.

LNG Prime invited BP to comment on Shepard’s departure, but we did not receive a reply by the time this article was published.

More than 25 mtpa of LNG

Earlier this year, BP’s CEO Murray Auchincloss said the company expects its LNG supply portfolio to increase to more than 25 million tonnes per annum by 2025, beating its previous target

BP previously set a target of 25 mtpa of LNG by 2025. In 2019, the company’s LNG portfolio was at 15 mtpa and in 2019 it rose to 17 mtpa.

Auchincloss said during the company’s fourth-quarter earnings call that BP’s LNG supply portfolio increased by over 20 percent to around 23 mtpa in 2023, largely driven by Eni’s Coral FLNG project in Mozambique and the Freeport LNG terminal in Texas.

Last year, BP also shipped the first cargo of LNG produced by the new third liquefaction train at the Tangguh LNG facility in Indonesia.

Auchincloss also mentioned that BP, Shell, and Trinidad and Tobago have completed the Atlantic LNG restructuring deal, “enabling the next wave of projects in Trinidad and securing long-term LNG equity offtake.”

BP also signed new offtake agreements with Oman LNG and Woodfibre LNG.

BP’s Greater Tortue Ahmeyim project offshore Mauritania and Senegal is also expected to start LNG production later this year.