MET Group sets up units in Italy, Bulgaria

Energy Trade

Hungarian-owned energy trader MET Group on Monday announced the establishment of subsidiaries in Italy and Bulgaria, state news wire MTI reported. The units will sell gas and electrical power to industrial and SME customers.

MET Group has been active on the Italian gas wholesale and LNG markets for several years. With the establishment of MET Energia Italia, it will target end-user customers, the company said.

MET Bulgaria will "build synergies through cross-border trading with MET Groupʼs regional subsidiaries, and position itself on the domestic wholesale and retail power and gas markets," it added.

MET is present in 15 countries through subsidiaries (Austria, Bulgaria, Croatia, Hungary, Italy, Lithuania, Romania, Russia, Serbia, Slovakia, Spain, Switzerland, Turkey, U.K. and Ukraine), 27 national gas markets and 19 international trading hubs, with a big end-consumer presence in Croatia, Italy, Hungary, Romania, Slovakia, and Spain.

Hungarian oil and gas company MOL owns 40% of MET.

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.