OMV digitalising short-term gas trading with VisoTech

24×7 presence in spot markets through autoTRADER Vienna, July 16, 2019 – OMV, the international, integrated oil and gas company, headquartered in Vienna, has selected the Periotheus autoTRADER for 24×7 presence in gas spot markets as part of a strategic expansion in this area. The software from VisoTech, already well established in the electricity trading market, is supporting OMV to efficiently digitalise short-term trading on the PEGAS exchange and to react instantly to changes in the market. Full integration with Periotheus Scheduling & Balancing already in use at OMV ensures reliable downstream processing of trading results without the need for an additional interface. OMV GAS coordinates and manages OMV’s gas supply and sales activities. It also bundles the trading activities for all products, in order to ensure central portfolio optimisation all over the relevant markets in Austria, Germany and the Netherlands. The need for speed – in every industry In comparison to the power market, gas trading is generally less volatile – until suddenly, it isn’t. Changes in production, transport or demand can lead to dramatic short-term price changes, and a slow reaction time can translate into significant losses not just during the regular office hours but also during the… continue reading

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