Allegro Development Corp. has announced that it has been chosen by Japan’s JERA Inc. to manage its trading operation and risk management process.
JERA is a joint venture (JV) between TEPCO Fuel & Power Inc. and Chubu Electric Power Co. Inc. It is also one of the largest importers of LNG in the world.
The statement claims that Allegro was chosen to achieve the following:
- Establish end-to-end integrated trading risk management processes for the fuel trading business.
- Establish risk management infrastructure for the trading of fuel.
- Flexible componentised architecture to roll-out globally and across various energy commodities.
The Vice President, Planning and Optimization Department, JERA, Kazunori Kasai, said: “The Allegro solution has been selected with integrated functionalities.
“Together with Allegro and Allegro’s partner NDFS, we were able to immediately recognise the company’s unique domain expertise, high level of knowledge and superior solution.”
The Managing Director EMEA and APAC, Allegro, Jonathan English, added: “We are thrilled that JERA has chosen Allegro and that we were able to help the company to meet its business objectives and to increase the respective enterprise values of TEPCO Fuel & Power and Chubu Electric.
“JERA is a very significant win for Allegro and the catalyst for continued expansion in Japan.”
Edited from press release by David Rowlands
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/31052016/allegro-chosen-by-jera-to-manage-trading-operation-and-risk-management-process-2523/