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Overview
MET Group trades and wholesales natural gas across Europe, using a network that spans 30 national markets and 22 trading hubs, and it owns gas storage capacity including a 2 TWh operator to balance supply. Beyond gas, it is expanding into renewable energy such as solar and wind to diversify its assets. Its size and mix of trading, storage, and energy infrastructure differentiate it from peers that focus on a single area. Its goal is to support the clean energy transition by building a diversified portfolio that combines gas trading, storage, and renewable energy assets across Europe.
About Met Group
Industries
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$2.6B
Headquarters
Zug, Switzerland
Founded
2007
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Simplify's Take
What believers are saying
- MET closed a €1.2 billion borrowing base facility in 2026, extending to €1.8 billion.
- MET added KGE in July 2025, expanding German gas storage by 2 TWh.
- MET reported 2025 revenue of €28.6 billion and 435 MW solar-wind capacity.
What critics are saying
- Europe's gas demand decline after 2026 threatens MET's trading-heavy revenue base.
- Mega, KGE, and BESS acquisitions stretch integration across Germany, Belgium, France, and beyond.
- Benjamin Lakatos remains executive chairman, keeping founder control tight during strategy execution.
What makes Met Group unique
- Huibert Vigeveno, former Shell executive, became MET Group CEO on January 1, 2026.
- MET spans 30 gas markets, 22 trading hubs, and 5.2 TWh storage.
- MET owns customer, storage, and generation assets across gas, power, and renewables.
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Funding
Total Funding
$2.6B
Above
Industry Average
Funded Over
3 Rounds
Benefits
Professional Development Budget
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↑ 14%1 year growth
↑ 14%2 year growth
↑ 14%MET Group closed a €1.2 billion credit facility for its sales and trading segment, with the financing transaction significantly oversubscribed. ING Bank coordinated the arrangement, whilst Coöperatieve Rabobank, Natixis CIB, and Société Générale served as lead bookrunners. High market demand allowed the company to expand the facility size by €100 million. The contract includes an option to raise the total limit to €1.8 billion. Japanese bank MUFG joined the syndicate as a new partner. According to MET, the transaction provides financial flexibility for the company's strategy and helps build its supply network around customer needs. Ankur Khera, MET Sales & Trading CFO, said the strong oversubscription reflects continued trust from banking partners and endorses the company's strategy and disciplined growth approach.
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MET Group, a European energy company based in Switzerland, has acquired 100% of KGE, a natural gas storage operator located in Gronau, North Rhine-Westphalia, Germany. This acquisition enhances MET Group's investment in natural gas infrastructure within Germany.
The MET Group acquired 100% of Comax France, entering the French electricity market. Comax, founded in 2003, operates a 170 MW thermal power plant and a 29 MW battery storage system, with plans for further battery projects. MET, present in 30 gas markets and 22 trading points, received a €53 million investment from Keppel Corporation in 2020. Majority-owned by Lakatos Benjámin, MET is 90% employee-owned, with Keppel holding 10%.
Swiss company MET Group, aiming to acquire Achemos Group, signed a €1.1 billion loan agreement to finance its sales and trading segment. The loan, coordinated by ING Bank and joined by Rabobank, Natixis CIB, Société Générale, and 13 other international banks, can be increased to €1.7 billion. This agreement supports MET's gas, LNG, and electricity trading operations. In 2023, MET Group's consolidated sales revenue was €24.5 billion.
Met Group is Hiring for 18 Jobs on Simplify!
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About Met Group
Industries
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$2.6B
Headquarters
Zug, Switzerland
Founded
2007
Met Group is Hiring for 18 Jobs on Simplify!
Find jobs on Simplify and start your career today