MET International AG establishes new LNG trading desk

According to Reuters, MET International AG, which is based in Switzerland, will set up a new LNG trading desk. Diego Galimberti, who is the former head of long-term gas supplies and LNG at Axpo Trading, will lead the desk. MET International was created in 2010, and serves as the natural gas trading arm of MET Group, which has activities in gas, oil and power generation in European countries, including Hungary, Romania, Slovakia, Croatia, the UK and Switzerland.

Reuters reports that Beatrix Staar, a spokeswoman for MET Group, said: “Given the changes in the LNG market environment in 2015, the decision was made to establish an LNG desk at the Zug headquarters in Switzerland.

“As MET Group has a considerable sized sales portfolio focusing on industrial clients and power plants mainly in the illiquid parts of Europe, it is continuously optimising its portfolio (using the) trading capabilities it has been building in the last five years on a European scale.”

Edited from various sources by David Rowlands

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