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Development of a Real-time European Gas Market Data Platform

eleks.com

Energy & natural resources

Data Silos and Inefficient Decision Making

European gas market operators currently face challenges due to fragmented and disparate data sources. This lack of a unified, real-time data platform hinders efficient decision-making, limits trading opportunities, and increases operational costs associated with manual data aggregation and analysis. Existing reporting processes are time-consuming and do not provide the agility needed to respond to rapidly changing market conditions.

About the Client

A consortium of European natural gas transmission system operators aiming to modernize gas market data access and analysis.

Modernize Gas Market Data Access & Analysis

Consolidate data from over 60 independent European gas market sources into a single, accessible platform.
Provide near real-time visibility into European gas flows, prices, and network balances.
Enable faster and more informed trading decisions.
Streamline reporting processes and improve regulatory compliance.
Offer enhanced analytical tools for cost calculation and strategic planning.

Platform Functionality

Data aggregation from over 60 independent sources.
Real-time data visualization (flow maps, maintenance maps, price charts).
Route calculator for transportation cost estimation.
Traders' forum for market insights and communication.
Historical data access for trend analysis.
Alerting and notification system for critical market events.

Technology Stack

Cloud-based infrastructure (e.g., AWS, Azure, GCP).

API integration for data ingestion from various sources.

Data normalization and transformation tools.

Real-time data processing framework (e.g., Kafka).

Data visualization libraries (e.g., D3.js, Leaflet).

Secure authentication and authorization mechanisms.

External System Integrations

Data feeds from gas market operators and data providers.
Regulatory reporting systems.
Internal financial systems.

Non-Functional Requirements

High availability and scalability to handle large data volumes and user traffic.
Robust security measures to protect sensitive market data.
High performance and low latency for real-time data access.
User-friendly interface with intuitive data visualization.
Compliance with relevant data privacy regulations.

Improved Market Efficiency and Strategic Advantage

The platform is expected to significantly improve market efficiency by providing timely, accurate, and actionable data. This will enable European gas market operators to optimize trading strategies, reduce operational costs, enhance regulatory compliance, and maintain a competitive advantage in the evolving energy landscape. The consolidated data and analytical tools will empower informed decision-making, leading to better resource allocation and overall market stability.