New Delhi, IN — October 10, 2019 — 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 with 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 with 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. ABOUT GAIL 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 gas and natural gas, production of liquid hydrocarbons & petrochemicals and retailing of compressed natural gas/piped natural gas. Further… continue reading
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Source: CTRM Center