Setting up an LNG trading business from scratch in just seven months
30 November 2022
How do you put in place the foundations needed to underpin a new business at speed?
When two trading powerhouses were set to join forces, supporting them to smoothly establish a new trading and risk management platform and processes was top priority. Added to this, the herculean task of getting it done within seven months, well and truly threw the gauntlet down. In fact, the joint venture hung in the balance until the new trading and risk management system was live. Without our help getting the right system in place, the deal might just be off the table.
Delivering technological and cultural change
For this to succeed, we needed our best industry experts and our client acting together as one team. In practice, this meant working side-by-side from their new base in Singapore, drawing on our understanding of local nuances. This was much more than just installing an IT system, we needed to meld together different international business cultures to make sure the new firm was set up for long-term success.
A new trading business built in seven months
Completing the project successfully within deadline not only enabled the joint venture to go ahead, leading to the creation of the biggest global buyer of liquefied natural gas, but also created a cohesive and self-sufficient business.
Find out how we help our clients in Commodities and Energy Trading
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