Setting up an LNG trading business from scratch in just seven months
30 November 2022
How do you put in place the foundations needed to underpin a new business at speed?
When two trading powerhouses were set to join forces, supporting them to smoothly establish a new trading and risk management platform and processes was top priority. Added to this, the herculean task of getting it done within seven months, well and truly threw the gauntlet down. In fact, the joint venture hung in the balance until the new trading and risk management system was live. Without our help getting the right system in place, the deal might just be off the table.
Delivering technological and cultural change
For this to succeed, we needed our best industry experts and our client acting together as one team. In practice, this meant working side-by-side from their new base in Singapore, drawing on our understanding of local nuances. This was much more than just installing an IT system, we needed to meld together different international business cultures to make sure the new firm was set up for long-term success.
A new trading business built in seven months
Completing the project successfully within deadline not only enabled the joint venture to go ahead, leading to the creation of the biggest global buyer of liquefied natural gas, but also created a cohesive and self-sufficient business.
Find out how we help our clients in Commodities and Energy Trading
Related Client Stories
Maximising impact from AI investment for a global energy leader
Discover how a series of experiential learning events resulted in employee confidence in AI skills hitting 85%.
Read more
Maintaining the stability of the New South Wales power system
How do you ensure the future stability of the NSW power system?
Read more
Using AI to manage applications for connecting low-carbon devices
With growing calls for processes to be standardised, Baringa and Energy Networks Association (ENA) came together to develop and launch the first central industry platform to transform the way registrations for low-carbon devices are managed.
Read more
Collaborating globally to future proof Australia’s water resources
How do you effectively manage the ever-evolving supply and demand challenges of water resources?
Read moreAre digital and AI delivering what your business needs?
Digital and AI can solve your toughest challenges and elevate your business performance. But success isn’t always straightforward. Where can you unlock opportunity? And what does it take to set the foundation for lasting success?