M

Met Group

Integrated energy trader, gas storage

IT Application Support Lead

Full-Time
No salary listed
Mid
Budapest, Hungary
In Person
IT OperationsEnterprise Applications

About the job

Requirements
  • Strong experience supporting enterprise trading or financial systems.
  • Hands-on knowledge of Endur or similar ETRM platforms.
  • Proven experience working in cloud architecture with Azure.
  • Proven experience leading application or production support teams.
  • Strong understanding of IT service management, including incident, problem, and change management.
  • Experience managing vendors and offshore delivery models.
  • Ability to operate under pressure in time-critical trading environments.
  • Structured, control-focused mindset with attention to operational risk.
Responsibilities
  • Own METI IT application operations, stability, and service delivery.
  • Lead and manage the IT Application Operations / ETRM support team.
  • Ensure successful execution of End-of-Day (EOD) and batch processing.
  • Provide Level 1 and Level 2 application support.
  • Act as the primary escalation point for IT-related application incidents.
  • Manage third-party vendors and offshore support partners.
  • Monitor and improve platform availability, performance, and operational key performance indicators.
  • Coordinate incident, problem, and change management activities.
  • Ensure appropriate runbooks, documentation, and operational controls are in place.
  • Partner with the Head of Business Operations to support business-led change.

About the company

M

Met Group

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Website

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

$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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Benefits

  • Professional Development Budget
  • Flexible Work Hours

Growth & Insights and Company News

6 month growth

10%

1 year growth

14%

2 year growth

15%
CEENERGYNEWS
Jul 7th, 2026
MET Group closes oversubscribed $1.3B credit facility for sales and trading

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.

MET Group
Oct 17th, 2025
MET Group to acquire full ownership of MET Slovakia

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Black Zonure SRL
Jul 7th, 2025
MET Group Acquires KGE in Germany

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.

Mediarey Hungary Services Zrt.
Nov 25th, 2024
MET Group acquires Comax France for expansion

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%.

Verslo žinios
Jul 29th, 2024
MET Group secures €1.1B loan

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.