MVM Partner expands business to gas market

Energy Trade

MVM Partner, the unit of state-owned Hungarian Electricity Works (MVM) Group, is expanding its current business of supplying electricity to clients to extend to gas as well, the company said yesterday, according to Hungarian news agency MTI.

From Monday the company will start signing gas supply contracts with prospective clients for a twelve-month period beginning on October 1, 2016. 

“We are seeing from current market trends that an energy trading firm can only stand firmly on its feet if it is present not only on the electricity market but also the gas market,” MVM Partner CEO Attila Bally said.

MVM Partner will mainly target medium-sized and large companies.

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