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VNG Utilizes New Energy Trading and Risk Management System

February 13, 2014

Verbundnetz Gas Aktiengesellschaft (VNG) has successfully started utilizing Allegro 8 to capture, value and settle natural gas trades.

According to a release, VNG selected Allegro to manage trading activities for physical gas supplies and financial commodity hedges, which have gained increasing importance over recent years. The new system supports the company's operations in all energy trading business processes, including deal capture, confirmations, settlement, positions and risk management.

"Our primary objective was to select a system that would support our current and future activities in natural gas trading in order to improve our business visibility and optimize risk management and reporting. We were looking to increase efficiencies in terms of the management of our natural gas trading activities," said Marco Penzhorn, Head of Trading at VNG.

VNG and Allegro said they plan to cover the market-oriented management of the overall portfolio of VNG in the next phase of system implementation.

Allegro is a provider of commodity value chain and risk management (CVCRM) software for power and gas utilities, refiners, producers, traders and commodity consumers.

Verbundnetz Gas Aktiengesellschaft (VNG) is German natural gas importer, wholesaler and energy service provider.

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