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.
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