MET group adds LNG trading to its portfolio

Energy Trade

MET International is adding LNG to its energy trading portfolio as the company sees great potential in the global expansion of the LNG sector, MET group, an energy trader established in Hungary, said on Friday, according to Hungarian news agency MTI.

MET International, the Swiss subsidiary of the group, will focus on fulfilling medium-term gas import needs, but at the same time the group also wants to be active on the short-term and futures market.

LNG imports are affecting local markets at an ever greater rate, which is indirectly important for METʼs entire European gas trading business, the group said.

MET group has almost 400 hundred employees in Austria, the United Kingdom, Croatia, Hungary, Russia, Romania, Switzerland, Serbia, Slovakia and Turkey.

The group is active in the gas markets of 19 countries and its annual revenue was close to €4 billion in 2014.

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