MYTILINEOS S.A. and MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. establish “M and M Gas Co SA” with the trade name “MNG Trading” with the objective to supply natural gas. In 2010, the supply of natural gas to MYTILINEOS and MOTOR OIL connected companies begins.
MNG TRADING becomes the first independent company to establish the conditions for the liberalization of the Greek natural gas market, by winning the first public tender, conducted by the PPC, for the supply of Liquefied Natural Gas (LNG). MNG TRADING delivers LNG cargo to the facilities of the Hellenic Gas Transmission System Operator (DESFA) S.A.
Ιn February 2011, MNG Trading obtains from the Ministry of Environment, Energy and Climate Change in Greece the license to supply and sell natural gas to eligible customers in accordance with the provisions of Law 3428/2005. The license issued is valid for 20 years.
MNG TRADING signs the first ever agreement under which an industrial consumer is supplied with natural gas by an independent supplier. The Company delivers a quantity of naturalgas, via an imported LNG cargo, to one the largest industrial consumers of natural gas in Greece.
The further opening up of the natural gas market to geographical areas until then excluded from the areas of activity of natural gas supply companies (EPA), signals for MNG Trading the launch of its sales activity to industrial clients, to which the Company offers innovation, flexibility and speed of delivery, coupled with competitive charges.
Μ&Μ Gas becomes the first independent company to import pipeline gas from the interconnector Greece - Bulgaria (IGB). In July 2016, MNG Trading successfully concludes the first commercial export of pipeline gas from Greece to Bulgaria and in September 2016 the Company imports natural gas to the Greek market.
In 2018 MYTILINEOS acquired all shares of the company, showing full alignment with its strategic intention to further develop its natural gas activities.