MET Group at a Glance
MET Group is an integrated European energy company, headquartered in Switzerland, with activities in natural gas, power and oil, focused on multi-commodity wholesale, trading and sales, as well as energy infrastructure and industrial assets.
MET Group is represented in 15 European countries, with more than 1700 permanent staff in Austria, Bulgaria, Croatia, Hungary, Italy, Lithuania, Romania, Russia, Serbia, Slovakia, Spain, Switzerland, Turkey, Ukraine and the United Kingdom.
MET Group is present in 26 national gas markets and 22 international trading hubs. The Group has a significant end-consumer presence in Croatia, Italy, Hungary, Romania, Slovakia, and Spain.
MET Group’s operations began in Hungary in 2007, focusing on the natural gas wholesale and retail sector. Although Hungary remains a key market, MET Group has quickly expanded to several 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 capitalize 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.
In 2017 and 2018, MET Group entered new markets (Spain, Italy, Bulgaria, Poland). With the continuation of MET’s expansion, the Group now has the ability to trade in 28 European countries.
In 2018, MET Group took over Hungary’s largest natural gas distributor Tigáz, distributing over 2 billion cubic metres of natural gas annually to 1.2 million customers. This new addition to MET’s asset portfolio fits into the company’s growth strategy.
In 2018, MET Group transformed into a management-owned company. The Group is owned by MET Capital Partners AG, a newly registered investment platform of MET Group CEO, Benjamin Lakatos. MET Group managers participate via a share program through MET ManCo AG.
MET Group’s mission is to become a leading market player by implementing innovation in the European energy markets.