Olt Offshore Lng Toscana S.p.A selects Amor Group's Hydrocarbon Management Solution to manage Commercial Agreements and Maxmise new plant Utilisation
Leading business technology provider, Amor Group, has been awarded a contract by OLT to supply its hydrocarbon management solution, Hydrocarbon+, for a floating Liquefied Natural Gas (LNG) Regasification Terminal offshore Italy.
The system will manage commercial agreements between shippers and terminal operations including the application of the regulatory UIOLI principles. The five year deal sees Amor Group provide support, maintenance and high availability hosting of the IT solution.
OLT, along with Iren Mercato S.p.A., E.ON Ruhrgas AG, Golar S.p.A. Energy and OLT Energy Toscana S.p.A. is currently developing the new terminal offshore Tuscany in Italy. The converted vessel, Golar Frost, will become a Floating Storage Regasification Unit (FSRU). Once regasified, the gas will be transported onshore Tuscany by a pipeline part of the national pipeline grid System.
Dr. Michael Mertl, Project Manager at OLT said: “We required an Electronic Communications System (ECS) to manage the commercial services offered to a number of shippers. There is limited storage capacity available on the FSRU and gas demand will vary. As such, offering necessary flexibility and optimising nomination and inventory management is key to maintaining the best plant utilisation possible.”
Hydrocarbon+ will provide a basis for the delivery of the ECS. It will enable OLT to schedule and optimise LNG shipments, drive maximum plant utilisation through control of cargo schedules and inventory management, provide a seamless commercial service to the shippers and effective communications between Terminal, Terminal Users and the Transmission System Operator.
Dr. Mertl added: “Amor Group’s proven track record in delivering LNG Management Systems and their technical and commercial experience, combined with the usability and configurability of Hydrocarbon+, were key factors for us in choosing this solution”.
Robert McSaveney, Amor Group, said “We are delighted to be awarded this contract from OLT as it’s an exciting project, being one of the first FSRU’s, and builds on our previous successful deliveries at Isle of Grain and Dragon LNG terminals. This further enhances our position as the leading hydrocarbon management solution provider in LNG and Storage markets”.
