MCGG and DGI are both wholly owned subsidiaries of Mitsubishi Corp., and have developed a new LNG business model to export LNG from the Cameron LNG terminal near the Gulf of Mexico in North America for supply to a number of markets worldwide.
As part of this new LNG project, an initial step for DGI and MCGG was to choose and implement an energy trading risk management (ETRM) platform. The requirement for a new ETRM system was identified to support the entire LNG value chain, including the procurement of feed gas, gas transportation and delivery to the Cameron LNG plant, as well as logistics for delivery to customer terminals, including vessel and voyage management, diversions and scheduled changes.
DGI and MCGG carried out a detailed evaluation and review of the market before ultimately selecting Sapient Global Markets as their strategic partner for ETRM implementation. The company was chosen because of its proven capabilities in delivery successful projects on the platform.
Mineko Hida, Executive Vice President, MCGG, Houston, TX, said: “We are happy to select Sapient Global Markets as our partner for the ETRM implementation, which enables us to establish a platform to manage LNG export businesses from Cameron LNG facility.”
Pawan Vaswani, Director at Sapient Global Markets, added: “The new ETRM platform will act as the backbone for the LNG export operations, managing every facet of the business. This requires skills and experience in delivering these implementations to ensure a high availability, high performance platform that meets all of the required service levels.
“Our ability to deliver a single team comprised of skilled project managers, ETRM specialists and LNG experts sets us apart. I’m delighted to be working with MCGG & DGI on this new project.”
Read the article online at: https://www.lngindustry.com/liquefaction/15062017/mcgg-and-dgi-select-sapient-for-etrm-solution-implementation/