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MC Global Gas, Diamond Gas International choose Sapient Global Markets.

M2 EQUITYBITES-June 15, 2017-MC Global Gas, Diamond Gas International choose Sapient Global Markets

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Sapient Global Markets, a global provider of business technology and consulting services for the financial and commodity markets, has been selected as a system implementation partner by MC Global Gas Corporation ("MCGG") and Diamond Gas International Pte. Ltd. ("DGI"), both of which are wholly owned subsidiaries of Mitsubishi corporation, the company said.

MCGG and DGI have developed a new LNG business model to export LNG from the Cameron LNG terminal near the Gulf of Mexico in North American for supply to various markets of the world. As natural gas production in recent years has increased considerably within the North American market, it has created opportunities to export LNG across the world.

As part of the new LNG project, one of the first steps for MCGG and DGI was to select 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 procurement of feed gas, gas transportation and delivery to the Cameron LNG plant, as well as logistics for delivery to customer terminals, including vessel & voyage management, diversions, and schedule changes.

Sapient Global Markets, a part of the Publicis.Sapient digital transformation platform, is a provider of services to today's evolving financial and commodity markets.

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Publication:M2 EquityBites (EQB)
Date:Jun 15, 2017
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