MET in Asian LNG move

Switzerland-based energy trader MET Group is working to expand its LNG business beyond Europe and has appointed Sandor Fasimon to head up the setup of its Asian operations.

MET said in a statement that the firm is one of the fastest growing European energy companies and also a “key” LNG importer to Europe.

In line with the company’s organic growth strategy, Fasimon will be in charge of the strategic move to facilitate MET’s business reach and to establish its presence in Asia – including Asia-Pacific, the Middle East, and FSU, MET said.

The aim is to strengthen MET’s position in the global markets, focusing on LNG trading, and energy infrastructure investments, it said.

According to MET, the firm led by Benjamin Lakatos has imported over 30 TWh of LNG cargoes in 2022 to Croatia, Greece, Spain, Belgium, and the UK.

The company has capacity rights at the Croatian FSRU-based terminal and received the first LNG cargo via the Krk facility in the northern Adriatic Sea in April 2021.

In addition, MET recently booked regasification capacities at the FSRU-based LNG import terminal in Germany’s Lubmin, owned by Deutsche ReGas.

With the German regasification capacities, MET Group “becomes one of the most diverse LNG importers into Europe having mid-term capacities in four countries and full capabilities for further spot deliveries into additional terminals across the continent,” it said in a recent statement.

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