MET trader gets license for gas supply in Ukraine

16:47, 06.07.2017 1 min read

The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has issued a license for natural gas supply to MET Ukraine LLC (Kyiv).

The state regulator made the corresponding decision at a meeting on July 6.

Swiss-based MET Holding AG, which conducts trading operations in the markets of oil, gas and electricity in Central and Eastern Europe, owns 100% of MET Ukraine.

Hungarian MOL owns 40% of MET Holding, another 60% are distributed among four individuals (Benjamin Lakatos, Gyorgy Nagy, Istvan Garancsi and Illia Trubnikov).

MET Gas and Energy Marketing (Switzerland) in 2016 was one of the counterparties of Naftogaz Ukrainy (the contract until February 2021).

As reported, in mid-June 2017 Trafigura Ukraine LLC, the subsidiary of Trafigura large world commodity trader, obtained a license for gas supply in Ukraine.

As of June 30, 2017 the NCER had issued 244 licenses for gas supply in Ukraine.