Senior Natural Gas Fundamentals Analyst

Texas, United States of America

Job Family Group:
Trading Jobs

Worker Type:
Regular

Posting Start Date:
February 2, 2026

Business Unit:
Trading and Supply

Experience Level:
Experienced Professionals

Job Description:

What's the role?

Shell Energy North America is seeking a Senior Natural Gas Fundamentals Analyst individual to join our long term North America fundamental analysis team embedded in the Trading division. This position is responsible for developing medium (2 to 5 year time horizon) and long term (5 to 20+ years) natural gas analytics using the GPCM tool. The successful candidate will work closely with all other analysts withing the team. In addition, this role is responsible for bringing all the internally derived Supply and Demand views together and modeling those forecasts within GPCM to derive the long term price forecast by region. The long term natural gas demand analyst will be responsible for generating long term demand views (Industrial and LNG Exports) and extracting the essential components that will drive natural gas demand and ultimately influence natural gas prices. This role primarily supports our E&P side of the business with analysis developed from a deep understanding of the key drivers such as: Macroeconomics, GDP Forecasts by industry, GTL, LNG Exports, etc. This position must build credibility with internal customers so that such foresight can be translated into commercial gain primarily in the E&P side of the business function but also in Trading. The emphasis is on developing both qualitatively and quantitatively advantaged capabilities, supported as appropriate by models, tools and techniques that yield high quality insight. Collaborating with peers in the Fundamentals team to build scalability in this respect is essential.

What you'll be doing

• Develop own demand view (excluding power generation) of regional gas market fundamentals - be able to logically, clearly and as necessary, provocatively articulate this view to the customer base. Identify and evaluate the implications of major trends and developments in the regional gas markets.
• Develop long dated LNG export view - this will require understanding global indicators that influence the domestic market.
• Develop tools and models to enhance the quality and accuracy of forecasts, with emphasis on building price, regional demand.
• Consolidate regional supply/demand views into GPCM and generate price forecasts by region.
• Expand contacts, both internally and externally, to improve the quality and timeliness of intelligence.
• Maintain positive relationship with external consultants and leverage information and analysis that they provide in order to maximize productivity in supporting Shell Energy North America.
• Capture synergies between the near- and long-term Fundamentals teams.
• Must have excellent communication and presentation skills.
• Build strong networks across the Shell network.

• The candidate must have legal authorization to work in the US on a full-time basis
• BA in Engineering/Mathematics/Economics/Econometrics/Business/Finance, MBA or PhD preferred
• 3 or more years of GPCM experience
• 3 or more years of North America Natural Gas Fundamentals experience
• Must be able to develop Fundamental views based on quantitative analysis that will be translated into profitable trades
• Demonstrated understanding of gas supply and demand fundamentals
• Comfort level with technology-based research given the ability to manage multiple high priority tasks
• Strong interpersonal skills and the ability to build relations at multiple levels and across teams
• Exceptional communication and presentation skills, both written and oral
• Ability to filter multiple perspectives for commercially actionable intelligence
• Proficiency with typical Microsoft Office applications

• Progress as a person as we work on the energy transition together.
• Continuously grow the transferable skills you need to get ahead.
• Work at the forefront of technology, trends, and practices.
• Collaborate with experienced colleagues with unique expertise.
• Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
• Benefit from flexible working hours, and the possibility of remote/mobile working.
• Perform at your best with a competitive starting salary and annual performance related salary increase - our pay and benefits packages are considered to be among the best in the world.
• Take advantage of paid parental leave, including for non-birthing parents.
• Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
• Grow as you progress through diverse career opportunities in national and international teams.
• Gain access to a wide range of training and development programmes.