Liquids Transportation System
Petrotranz LTS provides Producers, Facility Operators (pipelines, truck terminals, cleaning plants) and Marketers the ability to forecast shipping volumes, capture production information, and reconcile delivered quantities to complete and submit delivery forecasts online each month. Petrotranz LTS allows for the capture of raw gas Form A's and the consolidation of Form A submissions to produce Form C’s either within the system itself or through import/export procedures to external systems.
LTS has been designed to automate the document processing and data transmission elements that are historically handled using spreadsheets, reports and word-processing documents transmitted by fax or e-mail. Wherever and whenever applicable, LTS has been designed to integrate into (not replace) any legacy or internal applications being used by Producers, Facility Operators or Shipper / Marketers.
LTS helps reduce risk and improve efficiencies for all stakeholders of the Western Canadian Natural Gas Liquids Industry through timely reporting, enhanced tracking, and improving the accuracy of volumetric data.
Information can be electronically transferred from system to system thereby reducing the risks associated with data entry. Furthermore, all stakeholders have a secure central hub where information can then be shared electronically. This improves each stakeholder's access and accuracy of information in virtually real-time. LTS leverages the existing Petrotranz platform of companies, users and roles. This reduces the risk involved in the distribution of the information and removes the need for multiple stakeholders portals.
All LTS information is available in a consumable XML Format. Internal management systems can be integrated directly to the Petrotranz Data Exchange (PDX) for a near real-time electronic data feed.
Information will move efficiently and be stored electronically. This will provide stakeholders with a greater ability to analyze their data, improve the decision making process and positively impact internal processes.
LTS Maintains a record of each event as it occurs. This provides historical records for complete audit capability.
The reference data offered through LTS is uploaded from the most current Databases in Western Canada. LTS is the only system available to Industry which seamlessly ties together the entire 3 month reporting requirements for Forecast and Splits by Shipper for each Battery and Facility Combination.
Petrotranz has developed a strong relationship with the vendors of systems related to the 3 month logistical process that surrounds the marketing of Natural Gas Liquids in Canada. Respecting that these vendors are in fact partners and working directly with them, allows Petrotranz to develop out new standards, new levels of automated integration and thereby allows for a truly closed loop for the processes related to LTS. This coupled with the secure audibility of our cloud-based solution as opposed to the inability to truly track, manage and close the loop using tools such as spreadsheets, emails and faxes has allowed Petrotranz to fulfill the role of an Energy Industry Solution.
"I think Petrotranz has done an excellent job to help us manage our clients' forecasts and splits."
~ Dean P.
Phoenix Energy Marketing Consultants Inc.