European policymakers should remain on guard even though it appears the worst of the energy crisis is over with gas prices now at two-year lows in the wake of record highs last year, said an executive with Swiss energy group Met.
Switzerland-based gas and power trader MET Group is looking to further expand its presence in the European LNG market and enhance its role as an intermediary between producers and consumers, founder and CEO Benjamin Lakatos said in an interview.
Europe rushed to secure liquefied natural gas in an effort to ease a crippling energy crisis. Now, there’s a chance its plans to build more import terminals for the fuel have gone too far.
Jörg Selbach-Röntgen, CEO of MET Germany, sees optimisation potential in the current situation of importing LNG to Germany. MET Germany, which is active in the industrial customer business, but also supplies municipal utilities, trade and retail customers with natural gas and electricity, is a subsidiary of MET Group, an integrated European energy company headquartered in Baar, Switzerland.
European industry will need to adjust to a world of shorter duration natural gas contracts and more volatility, Swiss energy wholesaler Met Group has told Montel in an interview.
5/9/2023
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