Swiss Energy Trader MET Doubles LNG Volume, Eyes Power Expansion

2017. 10. 06.

(Bloomberg) - MET International, which entered the LNG market in March 2016, has traded 10 cargoes this year vs fewer than 5 last year, György Vargha, CEO of the Zug, Switzerland-based trader, said in a telephone interview.

  • Volumes account for about 25% of the company’s physical gas portfolio, cargoes traded mostly in southern Europe

Read previous article: MET Group Starts LNG Trading as Fuel Becomes Competitive in EU

Read previous article: DufEnergy, MET Said Among Winners of Italy Summer LNG Tender 

  • Co. trades natural gas across Europe, with 70% of operations in gas and LNG, 25% power and rest is oil
  • Co. plans to expand in electricity trading
  • “We mostly trade power in Germany and Hungary, where our activities are supported by our CCGT,” as well as in southern and central Europe
  • MET Group, parent of MET International, operates the 779MW Dunamenti Power Plant, the largest Combined Cycle Gas Plant in Hungary
  • “In France and broadly in northwestern Europe we plan to increase our activities next year”