I don‘t think I have ever made an edition with so many IT-related topics. The topic of the month is auto and algo-trading in the gas market. For this topic, I visited VisoTech in Vienna. The company is no longer a start-up and located in an industrial zone, which is anything but exciting. But the atmosphere and the equipment are as one would expect in a company that works on digital innovations - you might, for instance, meet a barefoot developer strolling down the corridor. However, the managing director Jürgen Mayerhofer is focused more on figures and sales, although he is still young and has vision. So far, gas trading and auto-trading have not gone together very smoothly, as the report shows.
Although Alexey Mileev isn‘t young, he has his sights set on ending inefficiencies in European gas transportation at the expense of TSOs and to the benefit of traders. Two years ago, he started in Riga with Route4Gas, and sales will kick off in September. The idea behind the company is presented in this edition.
IT also plays an important role for EGSSIS, but the business model does not rest entirely on IT-based services, as Stefan Quentin explains in an interview. At the end of the day, EGSSIS is an established provider of services for operations in the gas and power markets. Tom Dufraing, a former Distrigas manager, founded the company in 2008. What is new is the extension of the organisation and sales beyond Belgium.