MET Group, one of the fastest growing European energy companies, whilst focusing primarily on its successful growth in Europe, has now reached a historic milestone and will begin the expansion to the Asian energy markets. MET Asia’s headquarters will be in Singapore.
MET’s new subsidiary will accelerate the growth of the company’s expanding LNG portfolio beyond Europe and asset investments in the region.
MET will develop its Asian business activities in cooperation with Singapore-based Keppel, a 10% owner of MET Group. The two companies recently established a JV company, Keppel MET Renewables, to pursue renewable energy opportunities in Europe, and Keppel and MET will seek to broaden this cooperation in Asia as well.
An experienced and respected international energy manager, Sándor Fasimon, has been appointed as the Chief Executive Officer of MET Asia. In his career spanning over 25 years, he previously held international top management positions in integrated O&G companies across Europe, Middle East and Asia, and will bring with him deep knowledge and experience of the global energy industry.
Benjamin Lakatos, Chairman & CEO of MET Holding said: “We expect MET Asia to be a future fuel to our growth story as well as a gateway to participate in the global commodity markets.”
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 15 countries through subsidiaries, 30 national gas markets, and 22 international trading hubs. MET has extensive experience in operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition. In 2022, MET Group’s consolidated sales revenue amounted to EUR 41.5 billion, with a total traded volume of natural gas amounting to 109 BCM and total traded electricity of 67 TWh.