Swiss-based energy trading company, MET Group has opened a Czech Republic subsidiary.
Prague-based MET Česká Republika will initially focus on supporting Czech wholesale energy market participants, such as large energy intensive industrial companies as well as utilities - with the aim of offering its services to smaller customers and households at a later stage.
The Czech company has received all the necessary licenses for power and gas trading.
MET is already active in the country. As part of its international operations, the Group recently delivered regasified LNG to the Czech market utilising its import capacities through Germany.
In the Czech Republic, the coal-to-gas switch will be of great importance in the coming years in order to reduce emissions, MET said, adding that it plays an active role in the European green transition and the diversification of energy sources, especially in the natural gas area.
MET recently secured long-term US LNG supply agreements and claimed to have one of the most diversified LNG import structures from a geographical perspective in Europe.
MET Czech Republic CEO, Pavel Balada. commented: “We are entering the Czech market as a full-fledged partner – our aim is to bring security of supply and stability to the market, and support the country in its energy transition.
“Being part of an integrated energy company, such as MET Group, makes us a reliable partner for our Czech customers. With our expertise, we want to support the Czech Republic in the ongoing de-carbonisation of the economy,” he said.
