MET makes first LNG deal
Hungarian MET Group’s West European natural gas trading arm, MET International AG, has made its first liquefied natural gas (LNG) transaction, the company said on Friday, according to Hungarian news agency MTI.
MET International took delivery of the gas from a tanker in Italy.
MET International launched its LNG business on March 1. MET Group’s gas portfolio stands at about 16 billion cubic meters. It is also active on the electricity and crude oil markets.
The company has units in ten countries and trades on the gas markets of 25 countries. The Switzerland-headquartered MET Group was founded in Hungary in 2007.
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.