EnergySys is pleased to announce Equity Lifting Solutions (ELS), a Perth-based gas and power consultancy, as the latest addition to our partner network.
ELS specialises in the commercial negotiation and operationalisation of large-scale gas and power projects, with experience across Australia’s largest energy projects, including North West Shelf, Scarborough, Wheatstone, Gorgon, and Prelude. Their client list ranges from multinational gas and power utilities to end users of gas.
Equity Lifting refers to an LNG project ownership and marketing structure in which project equity holders (joint venture partners) have an entitlement to LNG and domestic gas, alongside an obligation to offtake (known as lifting), transport, and market it. Typically, one equity holder acts as the project operator. It’s contrasted with joint marketing, where a separate marketing and shipping organisation serves joint venture partners equally, with revenue and costs from LNG sales divided equally amongst them.
Most Australian LNG projects have moved to an equity lifting structure, allowing large multinational organisations to fully own and manage the sale of single cargoes. By owning production across a portfolio of global equity lifting LNG projects, a company can strengthen security of supply for its customers.
About Equity Lifting Solutions
ELS’s team brings deep individual experience from across the industry, including time at organisations such as Decarbonisation Solutions Australia, Chevron, BP, BHP Billiton, Shell, LNG Canada, and Brunei LNG. That depth of commercial and operational expertise on some of the world’s largest LNG projects is what made them a strong fit for the EnergySys partner network. Find out more about ELS.
Ken Chan, Managing Director of ELS, said, “As an EnergySys partner, ELS can embed its unique commercial and operational expertise within asset-specific operating systems that enable existing and future owners of gas assets to quickly commercialise their projects. What we love so much about EnergySys is how quickly it can be configured and how simply customers can manage changes to their own process logic.”
“Our growth in the APAC region is something we’re immensely proud of, and it reflects a growing need for flexible, value-driven software within an increasingly agile energy industry,” said Mark Truman, CEO of EnergySys. “The ELS team has unique, world-leading expertise, and this partnership means customers have access to solutions that meet the specific challenges of the LNG market.”
About EnergySys
EnergySys is a cloud-native PaaS for the energy industry. Business users, not developers, configure their own applications using spreadsheet logic they already know, covering everything from hydrocarbon accounting to emissions tracking, all built on a secure, enterprise-grade foundation.
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