Full-Time
Posted on 3/16/2025
Integrated energy trader, gas storage
No salary listed
Milan, Metropolitan City of Milan, Italy
In Person
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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.
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$1.3B
Headquarters
Zug, Switzerland
Founded
2007
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Professional Development Budget
Flexible Work Hours
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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.
Switzerland-based MET Group said on Monday its renewables unit, MET Green Assets Holding AG, has acquired a 25% stake in SwissWinds Holding SA and its subs