Hemla has signed a Memorandum of Understanding (MoU) with MET International AG and MET Commodities London Ltd. for spot / short term delivery of LNG from Hemla's network. The MoU's intention will be carried out through the execution of a Master Marketing Agreement to be agreed by the companies.
MET International AG and MET Commodities London Ltd. are part of an international group of companies, MET Group. MET International AG acts as the trading arm, consolidating and developing MET Group's international natural gas sales and purchase portfolio. MET Commodities London Ltd. represents MET Group in the global physical and derivative oil markets, extending the reach of MET Group to trading hubs and commodity flows within the Eastern European region and beyond.
MET Group is a leader in the Central European natural gas and power markets and an active participant in natural gas, power and oil trading across Europe. Founded in 2007 by, among others, Hungary's National Oil and Gas Company MOL, MET Group is represented in eight European countries and has more than 250 permanent staff in Croatia, Hungary, Romania, Slovakia, Switzerland, Serbia and the United Kingdom. Read more on MET Group on www.group.met.com.