Amphora’s CTRM service selected by GAIL (India) Limited for their LNG Trading operation
Amphora’s CTRM and Freight Management service has been selected by the largest state-owned natural gas processing and distribution company in India.
Having made the decision to purchase a Commodity Trading and Risk Management Solution, GAIL ran a competitive CTRM selection process involving all the leading CTRM vendors. The selection process involved multiple rounds of demonstrations as well as proof of concept exercises within LNG.
After a thorough evaluation process, GAIL selected Amphora’s Symphony CTRM solution.
Amphora was able to demonstrate extensive commodity trading and risk management expertise together with a detailed knowledge of the shipping industry so crucial within LNG. While no CTRM solution currently meets all of a client’s business requirements for LNG within the Indian market, Amphora demonstrated the aptitude to address such requirements and become a trusted partner.
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