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In­creased hedging activ­ity promp­ted by the volat­il­ity caused by the near-clos­ure of the Strait of Hor­muz pushed European nat­ural gas trad­ing volumes to re­cord highs dur­ing the first half of the year, trad­ing data com­piled by En­ergy In­tel­li­gence shows.

In­teg­rated en­ergy com­pany MET Group is as­sess­ing “a good num­ber” of ac­quis­i­tions and ex­pects to an­nounce new deals within the next six to 12 months, Group Chief Strategy and M&A Of­ficer Al­ex­an­der Alt­ing von Geu­sau said.

MET In­ter­na­tion­al, the trad­ing di­vi­sion of Swiss-based en­ergy com­pany MET Group, and Fortin­bras As­set Man­age­ment have suc­cess­fully con­cluded a fin­an­cial Day-Ahead power swap (TBx) trans­ac­tion linked to the Hun­garian elec­tri­city mar­ket. The trans­ac­tion marks the first agree­ment of its kind ex­ecuted by METI and an­other mile­stone in the ex­pan­sion of its struc­tured power risk man­age­ment of­fer­ing.