Gas Transportation
The liberalisation of the gas market will mean significant changes to the way you manage the transportation and storage of your gas supply. You will have to juggle increasingly complex regulation whilst maintaining efficiency and making the best use of your transportation network. Having flexible IT systems to help you meet the challenges of this constantly evolving sector is crucial; systems that can offer you the right information at the right time to make informed decisions for your business.
MARKET CHALLENGE
Third party access: Different business processes and regulations between storage operators, transporters and shippers in numerous different countries will mean having to find new ways to meet varying regulatory demands. Particular concerns relating to gas storage and transportation are managing third party access (TPA) and ensuring the transparency of your information. While the business processes of each transportation network may vary, each transporter’s commercial data management system must be able to synchronise seamlessly with another’s to meet the requirements of the regulator. Europe wide regulation and homogenisation will only increase yourchallenges.
Regulation changes: You must abide by the regulations for competition, flexibility, nondiscrimination and efficiency. Issues with security of supply mean you must also keep up with constantly changing conventions about the provision to local and non-local communities too. With all this regulation, you need systems in place that help you comply so you can get on with running your business.
Interconnectivity: Working with numerous companies, across a range of services including storage, shipping, trading and transportation means you must maintain interconnectivity in your IT systems so that it becomes easier to work together. Innovative provision: Competition is a huge part of your business now, and it makes commercial sense to increase profits by offering new services – such as gas quality management, gas balancing, linepack storage and flexibility in supply. Contract management: You have to handle numerous gas contracts on a daily basis and you must ensure you can manage all of these commitments easily as your client base grows.
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