September 2020: Kogas International selects Entrade® to help optimize their trading operations. KOGAS is a state-run gas company which was established in August 1983 to improve the convenience and welfare of people through the supply of clean energy, natural gas. Its main task was to construct an LNG receiving base and a natural gas supply pipeline, import LNG from abroad, regasify it at the acquisition base, and supply it stably to city gas companies and power plants. Today Kogas is the worlds second-largest LNG buyer, importing over 24 million mt for the first three quarters in 2019. At the beginning of the year Kogas International in Singapore, the trading arm of Kogas, decided to seek an ETRM solution that could help them to be more competitive by enabling complex transactions whilst automatically decomposing risk helping to minimize those risks and exposures, optimizing their costs, giving clear visibility of their positions in order to select the most profitable routes and enabling effective processes & controls and reporting which they can post to their accounting system. In March 2020 Kogas International undertook the task of reviewing several existing ETRM solutions providers, and after a rigorous selection process finally decided to select Enuit’s… continue reading
Continue reading Kogas International Pte. Ltd., selects Enuit’s ETRM Solution Entrade® to help manage it’s LNG imports.. This article appeared first on CTRM Center.
Source: CTRM Center