MET Group sets up Singapore office to expand LNG trading

Swiss energy trader MET Group has set up an office in Singapore to focus on LNG trading and asset investments in Asia, the company announced on October 4.

MET Asia, a subsidiary owned 90% by MET Group and 10% by Singapore's Keppel, will expand MET's business reach to the region and accelerate the growth of the company's expanding LNG portfolio beyond Europe, the company said.

MET and Keppel recently established a joint venture company, Keppel MET Renewables, to pursue renewable energy opportunities in Europe, and the two companies will seek to broaden this cooperation in Asia as well.

MET also recently signed an LNG deal with US developer Commonwealth LNG.