MET Group’s operations began in Hungary in 2007, focused on the natural gas wholesale and retail sector, and participating in the newly competitive market following the liberalization which began in 2004. Although Hungary remains a key focus market, MET Group has quickly expanded to multiple European countries, where it has established green-field subsidiaries and organically developed positions, responding to market openings.
In 2013, MET Group entered the power and oil segments, realizing its goal to become a multi-commodity trader in order to capitalise on cross-commodity opportunities. In 2014, MET Group acquired the Dunamenti Power Plant in Hungary, expanding its activities to include electricity generation. In 2016, given the changes in the LNG (liquefied natural gas) market environment, an LNG desk was established at the Zug headquarters in Switzerland.
MET Group is now a leader in the European energy marketing sector. MET is an active participant in the European natural gas, power and oil markets. MET Group is present in 12 countries through subsidiaries, 26 national gas markets, and 19 international trading hubs, with natural gas turnover of more than 16 billion cubic meters. It has a significant end-consumer presence in Croatia, Hungary, Italy, Romania, and Slovakia.
Our success is built on our commitment to understand our counterparts' needs and to quickly structure attractive tailor-made business solutions.
MET Group’s mission is to be a reliable business partner and a leading independent player by implementing innovation in traditional European energy markets.