Articles (EN)

As global industry begins to concentrate on reducing harmful emissions from its processes, the pressure on substituting fossil-based fuels with sustainable and renewable alternatives has never been greater. Further adoption of lower carbon fuels such as liquefied natural gas (LNG) is one way by which companies have sought to reduce their carbon footprint as the energy transition gains traction.  

The flood of LNG cargoes into Europe could continue until the end of June, MET International CEO Gyorgy Vargha told ICIS in an interview.

Switzerland-based energy company MET is monitoring LNG terminal developments in Greece and Northwest Europe with an eye to potentially expanding its portfolio, while remaining involved in Croatia’s Krk terminal, MET head of LNG Esther Ang tells Energy Intelligence.

The current high gas price environment in Europe is likely to persist in the medium term as some of the main market drivers are set to remain key factors in the future, the head of the trading arm of Switzerland's MET said in an interview.

Following the recent energy crisis with record electricity and gas prices, CEENERGYNEWS spoke with György Vargha, Chief Executive Officer of MET International about how companies can handle such situations in the future and the importance of gas and LNG to meet the growing energy demand.

"Don’t start down the road if you don’t have passion and a sense of risk and reality. Yet, neither stop your journey after 5 years if it is more difficult than you assumed."

The 26th United Nations Climate Change Conference (COP26) begins this Sunday (31/10) in Glasgow. This year’s COP is being lauded as the most important since 2015’s Paris summit, which saw countries agree to work together to limit global warming to less than two degrees Celsius.

Corporate demand for consulting services and energy efficiency projects has been steadily increasing in the recent months, according to data from MET Romania Energy, the leading gas supplier to the commercial sector. The most requested service was an energy audit, used to identify the targets for improvement.

This year, Benjamin Lakatos, the majority owner and CEO of the MET Group, a European energy company, has donated more than HUF 100 million through MET. In total, Lakatos has committed HUF 300 million towards charity between 2017 and 2021.

On 1 May, Swiss-based European energy company MET Group  appointed Christian Hürlimann  as the new Renewables Chief Executive Officer, a clear sign of the direction the company is taking.