Founded in 2007, KGE operates an H-gas cavern storage facility in Gronau-Epe with a total working gas volume of 179 million cubic metres. It has a maximum injection capacity of 150,000 Nm³/h and a maximum withdrawal capacity of 400,000 Nm³/h. The facility is connected to the Trading Hub Europe (THE) market area (TSO: Open Grid Europe). To date, the owners were EWMR (Energie- und Wasserversorgung Mittleres Ruhrgebiet GmbH), Dortmunder Energie- und Wasserversorgung GmbH (DEW21), Stadtwerke Essen AG, GELSENWASSER AG and MET Holding Germany.
With the closing of the transaction, the four municipal companies from the Ruhr region have sold all their shares in the natural gas storage company to MET Group. In Germany, MET has already been active for several years as an operator of natural gas storage facilities at the Etzel (Lower Saxony) and Reckrod (Hesse) sites.
Benjamin Lakatos, Chairman and CEO of MET Group, commented: “I am delighted with this transaction strengthening our position in the German market. This is an excellent example of how MET can add value to the European gas markets.”
MET Group
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 17 countries through subsidiaries, 32 national gas markets, and 44 international trading hubs. The company's 1,100+ employees represent close to 60 nationalities. MET has extensive experience operating green (renewable) and flexible (conventional and non-conventional) energy assets, thus providing the widest possible support to energy transition. In 2024, MET Group’s consolidated sales revenue amounted to EUR 17.9 billion, with a total traded volume of natural gas amounting to 140 BCM and total traded electricity of 76 TWh.