Liquidity Energy LLC has launched Battalion Energy LLC, a new team brokering OTC natural gas liquids (NGL). The NGL team will be led out of Liquidity’s Houston office by William Paul, JP Otieno, and Tom Padron. The new team has over 50 years’ combined experience in the energy derivatives industry and will specialize in physical and financial swaps, futures, and options on natural gas liquids. Prior to joining Battalion Energy LLC Paul most recently traded NGLs for Macquarie Bank. Otieno traded refined products for LDH Energy and Padron managed OTC energy brokerage groups for Heritage Energy, GFI, and Prebon Yamane.
“We are excited about the new NGL team as it complements our rapidly expanding energy brokerage operation,” said Larry Roche, founder of Liquidity Energy LLC. “NGLs have grown into an increasingly important component of the international flow of physical hydrocarbons. Its core correlations with both crude oil and natural gas valuations offer an exciting opportunity for our experienced brokerage desk to provide valuable service to our clients.”
Liquidity Energy LLC was founded by Roche in 2010 and has offices in New York, New York, Princeton, New Jersey and Houston, Texas servicing international physical and financial trading participants in crude oil and products, natural gas, power, and NGLs.