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MET Sales and Trad­ing, the trad­ing, whole­sale and sales seg­ment of Swiss-based en­ergy com­pany MET Group, ac­quired a ma­jor­ity stake in Zephiros En­ergy Trad­ing S.A. The ac­quis­i­tion marks an­other step in MET Group’s long-term growth strategy, open­ing new op­por­tun­it­ies across the Greek en­ergy sec­tor, par­tic­u­larly in the rap­idly de­vel­op­ing re­new­able en­ergy and bat­tery en­ergy stor­age seg­ments.

MET In­ter­na­tion­al, the trad­ing and whole­sale arm of Swiss-based en­ergy com­pany MET Group, and Shell entered into a new long-term LNG pur­chase agree­ment, mark­ing an­other sig­ni­fic­ant mile­stone in their long-stand­ing co­oper­a­tion in LNG and gas trad­ing. The agree­ment fur­ther sup­ports MET Group's am­bi­tion to sup­ply its European cus­tom­ers with LNG sourced from the Un­ited States.

Europe is fa­cing the pro­spect of higher winter nat­ural gas prices amid the fad­ing pos­sib­il­ity of a ramp-up of Middle East LNG ex­ports over the peak de­mand peri­od, which will force Europe to out­bid Asia for spot LNG volumes, mar­ket sources sug­gest.