Challenge

Many environmentalists consider natural gas as an organic bridge fuel between the dominant fossil and renewable fuels. The accessibility of natural gas raises the opportunity for using it as a critical transition fuel. This could be a possibility to tackle the issue of global warming. However, the gas industry forestays conservative. Thus, the process of digital transformation in this field is very slow. For years a lot of gas trading and transport deals were executed by fax or phone. With the help of new standards such as EFET standards, it has become possible to change certain aspects of the wholesale energy transactions.

Requirements to the platform included:

• An ‘easy to use’ solution, addressing the goals and necessities of its clients
• A complex program focusing on business analytical skills that had to be built from scratch. A deep analysis of the gas business was needed to create a permanent product solution for portfolio manager, traders and gas operations
• The software development manages a large amount of data from several sources, and by using the already tried and tested formulas, it calculates the best possible decision to implement
• The solution aggregates a large amount of data from several sources using mathematical formulas to calculate the best possible matching of all positions entered into the system to optimize gas flows. It helps to match trading and physical gas positions and saves the participating company millions of euros