MVM CEEnergy Zrt.

MVM CEEnergy Zrt. is a Hungarian natural gas wholesale trading company and a member of the state-owned MVM Group. It is the largest natural gas trader in Hungary, securing the country's gas supply through long-term procurement contracts for universal service providers, gas traders, large industrial consumers and power plants. The company was established on 30 September 2013 when MVM Magyar Villamos Művek Zrt. acquired E.ON's Hungarian natural gas wholesale business, creating Magyar Földgázkereskedő Zrt. It was renamed MVM CEEnergy Zrt. with effect from 1 July 2021. To expand its regional market presence, the company founded wholly owned subsidiaries in Austria in 2014, in Slovakia in 2015, and in Croatia and the Czech Republic in 2020. According to the Coface CEE Top 500 ranking, in 2021 it was the 5th largest company by revenue in Hungary and the 32nd largest in Central and Eastern Europe; in 2022 it did not appear on the 500 list. As part of the MVM Group, MVM CEEnergy Zrt. operates within a broad portfolio that includes upstream energy, power generation, gas storage, network operations, retail and wholesale energy trading, system operation and various energy services. The group's structure lists MVM CEEnergy's activities under wholesale trade, alongside MVM ONEnergy Zrt. The company's website is ceenergy.hu.

MVM CEEnergy Zrt. was created on 30 September 2013, when MVM Magyar Villamos Művek Zrt. acquired E.ON's Hungarian natural gas wholesale company. The new entity was named Magyar Földgázkereskedő Zrt. and became Hungary's largest natural gas wholesaler, responsible for securing the country's gas supply through long-term procurement contracts for universal service providers, gas traders, large consumers and power plants. In order to increase its regional market presence, the company established wholly owned subsidiaries in Austria in 2014, in Slovakia in 2015, and in Croatia and the Czech Republic in 2020. These subsidiaries extended the company's gas trading footprint beyond Hungary into neighbouring and nearby Central European markets. With effect from 1 July 2021, the company changed its name from Magyar Földgázkereskedő Zrt. to MVM CEEnergy Zrt. The new name reflects its role as the central European energy trading arm within the MVM Group. According to the Coface CEE Top 500 ranking, in 2021 MVM CEEnergy was the 5th largest company by revenue in Hungary and the 32nd largest in Central and Eastern Europe. In 2022, however, it did not appear on the 500 list. As a member of the MVM Group, MVM CEEnergy Zrt. operates alongside other group companies active in upstream energy, power generation, gas storage, network operations, retail and wholesale energy trading, system operation and energy-related services. Within the group's published structure, its activities are classified under wholesale trade, together with MVM ONEnergy Zrt.

• 2022

  Did not appear on the Coface CEE Top 500 list.

• 2021

  Renamed MVM CEEnergy Zrt. with effect from 1 July 2021.

• 2021

  Ranked 5th largest company by revenue in Hungary and 32nd in Central and Eastern Europe in the Coface CEE Top 500.

• 2020

  Establishes wholly owned subsidiaries in Croatia and the Czech Republic.

• 2015

  Establishes a wholly owned subsidiary in Slovakia.

• 2014

  Establishes a wholly owned subsidiary in Austria to expand regional market presence.

• 2013

  MVM Magyar Villamos Művek Zrt. acquires E.ON's Hungarian natural gas wholesale company, creating Magyar Földgázkereskedő Zrt. on 30 September 2013.

Hungary's largest natural gas wholesaler and a key regional gas trading arm of the state-owned MVM Group.

• Natural gas wholesale trading

  Wholesale supply of natural gas to universal service providers, gas traders, large consumers and power plants.

• Long-term gas procurement contracts

  Long-term contracts securing Hungary's natural gas supply.

1. 1MVM Upstream Energy Zrt. official websiteupstreamenergy.mvm.hu
2. 2MVM CEEnergy Zrt. – Wikidatawikidata.org
3. 3MVM CEEnergy Zrt. – Hungarian Wikipediahu.wikipedia.org