Software for Liquefied Natural Gas (LNG) receiving terminal facility operators to manage a wide range of LNG transactions
Quorum Liquefied Natural Gas (LNG) Management™ allows liquefied natural gas receiving terminal operators to effectively manage the wide range of transactions at their facilities.
- Manages contracting, shipping and receiving, distribution and invoicing
- Supports market trend towards selling terminal capacity to customers by including web-based tools for customers to interact directly with the terminal operator
- Intuitive tools for scheduling and tracking cargoes
- Manage customer and operator inventory in the LNG terminal
Quorum LNG Management
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Input Data
- Counterparties
- Meters / locations
- Measurement
- Cargo characteristics
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Information Managed
- Contract terms (locations, quantities, agents, settlement provisions)
- Terminal facilities, berths & downstream facilities
- Rates & pricing
- Redelivery nominations
- Customer terminal accounts
- Physical facility inventory accounts
- Prior period adjustments
- Cargo requests
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Processes
- Vessel scheduling & tracking
- Contract request / approval
- Redelivery nomination validation & submission
- Allocations & inventory management
- LNG transfers
- Invoice generation
- Prior period tracking & approval
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Deliverables
- Scheduled quantities to shippers & operators
- Invoice to shipper
- Alerts & notifications
- Standard reports
- Regulatory reports
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Output Data
- Informational posting to website
- EDI datasets to shippers & operators
- Journal entries to ERP system
- Ad-hoc inquiries
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Customer Activity Website
FERC / NAESB compliant web-enabled solution for shippers and point operators to interact directly with the pipeline.
Provides the same functionality and reporting tools used by internal users, with built-in security to allow external users
to manage their own business.
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Why Quorum Liquefied Natural Gas (LNG) Management?
- Only commercially available transaction management system for LNG facility operators - specifically designed for unique LNG facility operations
- Manage all portions of overall regasification value chain, including redelivery to downstream pipelines
- LNG terminaling from a unique open access perspective
- Accommodate business of multiple partners operating at the same facility
- Sophisticated Customer Activities Website (CAW) to allow shippers to submit LNG cargo requests and interact directly with the terminal
- Configurable to support all contract / rate types
- Date sensitive master data allows facility operators to manage scheduling and accounting activities in parallel
- Developed specifically for LNG facility management by leveraging proven capabilities of Quorum Pipeline Transaction Management
- Integrity of design ensures control compliance and support for audit
- Support for variety of pre-configured and ad-hoc reports, as well as business intelligence (BI)
- Support for integration into other relevant enterprise systems including Quorum General Ledger (GL)
- A component of Quorum's enterprise-wide energy software solution portfolio - can be deployed stand-alone or integrated with other enterprise solutions
