The price of natural gas may increase in Europe, leading to difficulties in competitiveness and may even lead to the next economic recession, as the continent imports 90% of its natural gas, which large LNG suppliers may exploit, points out Benjamin Lakatos, the President and CEO of the Swiss-based MET Group in an exclusive interview with Portfolio.
For about a decade, the energy transition has been one of the main strategic pillars through which the European Union seeks to distinguish itself to effectively combat climate change.
Swiss-based energy company MET Group continued its strong performance, recording the second-best financial results in its corporate history in 2023. The results demonstrate the Group’s ability to deliver results in a less volatile market environment. MET remains focused on its growth strategy and its role as a reliable partner within the energy industry.
Switzerland-based trader MET traded a total 88 Bcm of gas in 2023, down from traded volumes of 109 Bcm the previous year. Nonetheless, MET recorded its second-best ever financial results last year despite a less volatile market environment compared with 2022, it said.
The fifth edition of the Budapest LNG Summit, organised by White Paper Consulting, saw 30 speakers, industry leaders and policymakers from more than 20 countries coming together to discuss the future of the gas and LNG sector and the status of the most important regional projects.
4/9/2024
Regional Presence
15
Countries via subsidiaries
30
National gas markets
39
International trading hubs
Green Assets
MET Buzsák Solar Park MET Dunai Solar Park MET Gerjen Solar Park MET Kabai Solar Park MET Puerto Real Solar Park MET Söjtör Solar Park
MET Kavarna Wind Park MET Suvorovo Wind Park
Subsidiaries of MET Group
Trading regions for MET Group
Trading regions and renewable activities
CONTACT
If you need further information about our company, please do not hesitate to contact us.