MET Group completes first LNG import transaction
Zug, 22 July 2016 

MET International AG (METI), trading arm of MET Group, has successfully completed its first LNG import transaction. METI has purchased a cargo into Italy on a DES basis in mid-July to cover its downstream demand.

“This transaction is perfectly fitting into our strategy to scale up LNG as an additional means of supply into our downstream European portfolio, being also the cornerstone of our LNG strategy,” said György Domokos Vargha, Head of Wholesale & Origination at METI.

METI opened its LNG desk on the 1st of March 2016 hiring Diego Galimberti as LNG Manager. Mr. Galimberti has been working for more than 10 years in the LNG industry.

MET Group currently has a downstream portfolio of 4 bcm in the illiquid parts of Europe such as Mediterranean and CEE regions, which it plans to continuously increase.

MET Group is a leader in the European energy marketing sector. Headquartered in Switzerland, MET is an active participant in the European natural gas, power and oil markets. MET is present in 10 countries through subsidiaries, 25 national gas markets and 21 international trading hubs, with a significant end-consumer presence in Croatia, Hungary, Romania, and Slovakia.

 

MET Group statement
Zug, 7 November 2014

The article published on the Tages-Anzeiger news portal (and later in other media) is based on false information in several points and thus draws incorrect, manipulative and malicious conclusions that depict our company in a negative and unsubstantiated manner. MET Group rejects all accusations alleging any irregularities or non-transparency in its operations. In all its countries of operation, MET Group always conducts its business activity in compliance with the prevailing laws and based on competitive market standards.

MET Group’s corporate growth and business operation made the company one of the fastest growing firms in Central Eastern Europe. As a result of its regional expansion strategy, MET Group is present in eight European countries, and further conducts trading activity in 14 national gas markets and 13 European gas hubs. 

MET Group Mitteilung
Zug, 7. November 2014

Der im Tages-Anzeiger (und später in anderen Medien) veröffentlichte Artikel  über die MET Group  basiert mehrfach auf falschen Informationen und zieht unzutreffende Schlüsse. Die MET Group weist insbesondere die behaupteten Unregelmässigkeiten und Transparenzmängel in ihrer Geschäftstätigkeit dezidiert zurück. Die MET Group hält sich an alle anwendbaren Gesetze und Standards.

 

Die sehr gute Geschäftsentwicklung hat die MET Group zu einer am schnellsten wachsenden Gruppe in Mittel- und Osteuropa gemacht. Als Ergebnis der geographischen Diversifikation ist die MET Group heute in acht  europäischen Ländern vertreten und unterhält Handelstätigkeiten in 14 lokalen Gasmärkten sowie 13 europäischen Gasverteilzentren.