MET Group energy trading company is continuing its European expansion through the establishment of subsidiaries in Italy and Bulgaria. The core business activity of the new companies is the sale of natural gas and power to industrial and SME customers.
MET Group has been active in the Italian gas wholesale and LNG markets for several years. In order to further extend its presence in the Italian market, by targeting end-user customers, MET decided to establish MET Energia Italia.
MET Italia is headed by Giuseppe Rebuzzini, with extensive experience in the energy sector. The CEO commented on the founding of the new subsidiary as follows: “MET entered Italy as a strategic market since it is the second largest gas market in continental Europe and it has a potential for synergies with other core MET countries. Furthermore, Italy is getting more and more interesting as a hub for LNG deliveries.”
The establishment of MET Bulgaria is a natural addition to MET’s existing portfolio in neighboring countries like Romania, Serbia and Turkey. MET Bulgaria will build synergies through cross-border trading with MET Group’s regional subsidiaries, and position itself on the domestic wholesale and retail power and gas markets.
“There are truly interesting times ahead as Bulgaria continues to align its gas and power markets to the European model. MET Energy Trading Bulgaria will use its extensive knowhow to provide the best and most competitive services to counterparties facing the new opportunities of an opening market,” MET Bulgaria’s CEO Kamen Ivchev said.
About MET Group
MET Group is a leader in the European energy marketing sector. Headquartered in Switzerland, MET is an active participant in the European natural gas, power and oil markets. MET is present in 15 countries through subsidiaries (Austria, Bulgaria, Croatia, Hungary, Italy, Lithuania, Romania, Russia, Serbia, Slovakia, Spain, Switzerland, Turkey, UK, Ukraine), 27 national gas markets and 19 international trading hubs, with a significant end-consumer presence in Croatia, Italy, Hungary, Romania, Slovakia, and Spain.