HOUSTON, July 7, 2020 (Newswire.com) - Houston-based NatGasHub.com was named by Risk.net as the 2020 award winner for the “Best Energy Technology Innovation” for creating software that automates the natural gas scheduling process. Risk.net’s annual Energy Awards highlight innovation, leadership and superior performance. Winning companies will be presented their awards at a special event to be held at the Westin Galleria Hotel in Houston on Sept. 22, 2020.
Risk.net selected NatGasHub.com based on a number of criteria determined by an experienced evaluation panel consisting of energy industry professionals. The awards focus on innovation in trading and risk management and how that benefits the wider market.
NatGasHub.com is a single portal connecting 150 pipelines and automating the flow of nominations and scheduled quantities from the pipeline operator through to the gas shipper’s energy trading and risk management (ETRM) system. Over $100 million worth of nomination transactions is executed using NatGasHub.com’s breakthrough software every month. “Behind the scenes, we connect companies with all of these pipelines. So, in a nutshell, it is a logistics automation software,” says NatGasHub.com CEO Jay Bhatty. “We’ve eliminated all the manual inputs, streamlining the whole process.” After transferring gas nominations to the pipeline’s systems, NatGasHub.com retrieves the confirmed volumes from the pipeline and automatically pushes that data back to the shipper’s ETRM system. The software is certified by NAESB® (North American Energy Standards Board). Other products offered by NatGasHub.com include automated gas pipeline tariffs and automated capacity releases.
Contact for journalists:
Shelly Sanders, NatGasHub.com
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NatGasHub.com is a Multi-Pipeline Natural Gas Nominations Dashboard. The company makes cutting-edge logistics software for the energy industry including energy producers, marketers, traders, banks, munis, utilities, intermediaries and end-users of physical natural gas.