MET Group, one of the fastest growing European energy companies active in international natural gas, LNG and power markets, has signed a EUR 1.23 billion Syndicated Multicurrency Secured Revolving Borrowing Base Facility. Initially launched at EUR 1 billion, the Facility received strong support from both existing and new banking partners and closed after having achieved an oversubscription.
“Meteorology and climatology, referring to weather and climate respectively, both have a direct impact on the energy sector through energy supply and energy demand,” explains Vasilis Pappas, Senior Meteorologist at MET Group.
Just a few weeks ago, fears about a gas shortage in Europe were large in some circles. The danger has been averted for this spring. Even with a view to the coming winter, there are increasingly signs of easing. On the other hand, industry insiders are still warning of potential bottlenecks.