Gazprom Implements ZEMA Suite to Enhance International Trade and Risk Management Operations
Richmond, BC, September 01, 2010 − ZE PowerGroup Inc.® is pleased to announce that Gazprom Marketing & Trading Limited, has implemented its ZEMA Suite™ the industry’s leading enterprise data management software solution. Gazprom Marketing and Trading Limited is a wholly-owned subsidiary of Gazprom Group, the world’s largest gas company. ZEMA is designed to support Gazprom’s trade operations, enhance risk management and manage back-office operations in London, Houston and Singapore. The solution provides Gazprom with a robust enterprise data management platform that provides business intelligence capabilities, advanced forward curve functionality and simplified integration with existing internal systems and ETRM platforms.
“We are truly honored to have been selected by Gazprom and to work with them so intimately in implementing the ZEMA Suite of products. We know that Gazprom considered all options in the selection process. ZEMA was ultimately selected because no other tool in the market comes close to its empowerment, control and functionality “stated Manal El-Ramly, Director of ZE’s Eastern Office.
“Once we became aware of the robust functionality of ZEMA, it was clear that ZEMA was best suited to provide front-mid-back office integration. ZEMA’s forward curve capabilities are unique in this industry.” described Sue Craig, IT Commercial Manager, “In addition to a superior product, ZE’s customer service and responsiveness have been outstanding”.
The installation of the ZEMA Suite followed a rigorous and thorough competitive RFP and a detailed Proof of Concept period. “It really is a long-term win-win for both ZE PowerGroup and Gazprom and we look forward to working closely together for the years to come” sited Manal El-Ramly.
Gazprom is leveraging the ZEMA Suite’s Data Manager, Market Analyzer, Forward Curve Builder and Data Direct Excel-Add-In integration components. The ZEMA Suite enables Gazprom to integrate advanced strategic decision making tools by providing a centralized source for industry data and providing the ability to perform flexible automated analytics and modeling of that data.
About Gazprom Marketing and Trading
Gazprom Marketing & Trading (GM&T) is a wholly-owned subsidiary of Gazprom Group, the world’s largest gas company. GM&T was created to optimise Gazprom’s energy commodity assets and downstream expansion through its global marketing and trading network. GM&T has the full benefit behind it of a huge gas reserves base, transportation network and intellectual capital. After 10 years in business, GM&T has subsidiaries in Houston, Paris, Berlin, Singapore and Manchester (gas sales to UK SMEs). In addition to this Gazprom operates in numerous international markets across Europe in commodities such as Gas, Oil, Carbon, Power, LNG and Coal.