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.
“You have all contributed to MET’s success story in the last 17 years. I would like to thank you all for your relentless efforts, the company’s growth would not have been possible without your hard work,” MET Group Chairman and CEO, Benjamin Lakatos told former colleagues at the first in-person meeting of the MET Alumni Club in Budapest.
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.
4/16/2024
Regional Presence
15
Countries via subsidiaries
30
National gas markets
39
International trading hubs
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