Switzerland-based gas and power trader MET Group is looking to further expand its presence in the European LNG market and enhance its role as an intermediary between producers and consumers, founder and CEO Benjamin Lakatos said in an interview.
Europe rushed to secure liquefied natural gas in an effort to ease a crippling energy crisis. Now, there’s a chance its plans to build more import terminals for the fuel have gone too far.
Jörg Selbach-Röntgen, CEO of MET Germany, sees optimisation potential in the current situation of importing LNG to Germany. MET Germany, which is active in the industrial customer business, but also supplies municipal utilities, trade and retail customers with natural gas and electricity, is a subsidiary of MET Group, an integrated European energy company headquartered in Baar, Switzerland.
European industry will need to adjust to a world of shorter duration natural gas contracts and more volatility, Swiss energy wholesaler Met Group has told Montel in an interview.
Natural gas purchases needed to refill Europe’s storage sites are slower than usual for this time of year despite a recent price drop with some buyers betting on a further slump.
5/8/2023
Regional Presence
14
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30
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22
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