Software to manage commercial natural gas liquids (NGL) marketing activities, including supply, storage, marketing, risk management and terminal services
Quorum Natural Gas Liquids (NGL) Marketing (QLM)™ is a software solution designed for commercial natural gas liquids (NGL) marketing activities, including supply, storage, marketing, risk management and terminal services.
- Physical natural gas liquids (NGL) marketing to support all types of purchase / sale at any point and transportation and / or storage from point of supply to market
- Tracks and manages financial transactions while providing real-time position management and analysis for traders, schedulers and credit / risk managers
- Manages full range of natural gas liquids (NGL) products (ethane, butane, isobutane, propane, natural gasoline, etc.) marketed to petrochemical companies, refiners and other gas liquids customers
Quorum Natural Gas Liquids (NGL) Marketing
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Input Data
- Movement information from truck racks
- Price indexes
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Information Managed
- Counterparties
- Contracts (supply, sale, transportation, storage)
- Location, meter, point, etc.
- Pipeline rates
- Product movement orders
- Ticketing
- Tank strapping
- Imbalance & inventory accounts
- Credit limits
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Processes
- Tank inventory
- Position (by pipeline / point)
- Contract administration
- Scheduling
- Imbalance management
- Settlement, invoice, pay statement, cash-out, PPAs
- Hedging
- Supply forecasting
- Payable matching
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Deliverables
- Invoice to customers
- Contract summaries
- Ticklers
- Event notifications
- Renewal alerts
- Other transaction alerts
- Alerts & notifications
- Pre-configured reports
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Output Data
- Product movement orders to truck racks
- Ad-hoc inquiries
- Journal entries (GL)
- Other ERP system integration
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Why Quorum Natural Gas Liquids (NGL) Marketing?
- Integrated system manages contracts, trades, settlements, credit and risk management, and accounting for natural gas liquids (NGL) marketing
- Financial hedging and mark to market supported - interface into specialized financial management systems can be arranged to support management of sophisticated financial and derivative trading
- Support for all contract types
- Accommodates all pricing mechanisms
- 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
- Support for integration into other relevant 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
Quorum Natural Gas Liquids (NGL) Marketing is used by various oil and gas industry participants (large and small) in several sectors across the oil and gas, renewable energy and natural resource value chain.
Natural gas liquids (NGL) marketing is a key function of the Marketing Management business process. Quorum provides other software solutions to support this and other related business processes.
Contact Quorum Business Solutions to learn more about the Quorum Natural Gas Liquids (NGL) Marketing software solution.
