Amphora’s CTRM goes live with GAIL (India) Limited at their LNG Trading operation
Amphora, provider of CTRM and Freight Management services to the energy industry today announced that it has successfully completed implementation of its LNG CTRM solution for GAIL, India’s primary gas company.
As a business of such strategic importance operating in an increasingly complex and high-risk environment, GAIL was seeking a CTRM solution that would be quick to implement and help automate and streamline the business with a minimum of disruption. With Amphora, GAIL has not just achieved this, but also benefited from industry best practices and controls present within the Amphora system, built from more than 20 years of experience in the industry.
GAIL can now conveniently monitor and control their international LNG landscape on one platform. Easy data entry ensures all information is captured and reported efficiently. Positions are provided in real time, and scenarios are able to be tested prior to execution.
The operations team is able to track current and planned shipments more efficiently, tracking vessels and deliveries has become more streamlined, hedging is more effectively managed.
GAIL is a Maharatna public sector undertaking primarily engaged in the trading and transmission of natural gas in India. GAIL is present across the gas value chain and is engaged in businesses ranging from exploration and production of oil and natural gas, production of liquid hydrocarbons & petrochemicals and retailing of compressed natural gas/ piped natural gas.
Further information on GAIL : GAILonline.com
Amphora provides robust and highly scalable multi-commodity trading, risk management, accounting and shipping solutions to support the energy industry. Amphora empowers clients to streamline their operations, reduce transaction costs and manage their financial and physical business on a single platform.
Further information on Amphora: amphora.net