MET Group continues its successful cooperation with the State Oil Company of the Azerbaijan Republic (SOCAR) which led to the start of supplies of natural gas produced in Azerbaijan to the Croatian market on the 1st of September.
Based on a fruitful collaboration between MET Croatia and SOCAR, the availability of natural gas from Azerbaijan will further diversify Croatia's access to alternative energy sources. As an integrated European energy company headquartered in Switzerland with a global perspective, MET Group contributes to strengthening the security of supply of both Croatia and the wider European region, which is particularly crucial as the winter season approaches.
Through its partnership with SOCAR, MET Group extends its reach, adding Croatia to the list of several European countries which have secured access to natural gas from Azerbaijan for their domestic markets.
MET Group
Besides Croatia, MET Group is present in 14 other countries through subsidiaries, 30 national gas markets, and 39 international trading hubs. In 2023, MET Group’s consolidated sales revenue amounted to EUR 24.5 billion, with a total traded volume of natural gas amounting to 88 BCM and total traded electricity of 68 TWh. The Croatian subsidiary, MET Croatia Energy Trade, ended the year with a revenue of 1.24 billion euros, ranking among the 10 largest companies in Croatia by revenue for the second year in a row. 90% of MET Group's ownership is held by employees, while the remaining 10% is held by Singapore-listed Keppel Corporation. This ownership structure makes MET Group one of the few energy companies that are completely independent and under the majority management of employees.