Trading activity and relationship with partners

An independent operator, ENET’s business model incorporates organic growth, a disciplined approach to trading activity, and strong relationships with clients and partners.

Fortified with an ever-increasing wealth of knowledge, intuition and unique vision, ENET continues to successfully generate value and demonstrate resilience in a perennially volatile sector prone to continuous evolution.

ENET’s strong presence in the physical market of natural gas, and its positioning in the different phases of the value chain augments the company’s knowledge base and facilitates judicious expansion.

Supply

With a portfolio consisting of the major Italian municipalities and primary resellers, ENET Energy is one of the most active players in the market for city gates and hubs supplies.

Customer centricity, competitive supply conditions, high operating standards, flexibility and well managed long-term relationships have enabled ENET to secure a leading position in this segment.

Trading

Trading is carried out on the main European hubs, where ENET is recognised as a dynamic participant. The need to provide significant physical volumes to its customers requires a continuous commitment of resources.

ENET’s portfolio is continually expanding, facilitating delivery of higher physical volumes, thanks to greater contractual transport and storage investment, and an increase in credit lines.

The diversity of each market dictates a need for specificity in supply-demand logistics. ENET’s capacity to transfer these volumes of natural gas between markets whilst maintaining a guaranteed liquid portfolio underpins the guiding principles of the company.

The company’s disciplined and proactive risk management strategy results in the skilful offering of bespoke solutions to its clients, which assists them in the management of physical risks and optimisation of opportunities within the market.

Transportation

The constant presence in all phases of the value creation chain is supported by a portfolio of contractual assets, a 24/7 dispatching service and a strong collaboration between the various functional teams.

The company holds short and medium-term transport rights in the key systems and actively participates in the secondary transport capacity auctions.

Storage

The physical supply activity and the variations in the supply and demand structure of each market are supported by contractual positions in various storage facilities located in the major European countries.

Storage space is acquired on an annual basis and on shorter maturities based on the portfolio needs and availability of storage operators.

Matija Barudzija

(Partner, Co-Founder, CEO)

Has more than 10 years of natural gas trading experience. In 2007, he joined ENOI S.p.A. in Milan and became the head of international sales and origination. In 2012 he co-founded ENET Energy SA in Lugano. The company was also the founding partner of Dufenergy Trading, a joint venture between Enet and Duferco. Mr. Barudžija has other business interests in the soft commodity processing and trading sector. Mr. Barudžija was trained at Merrill Lynch and holds a MSc in Finance from Bocconi University in Milan.

Marco Passalia

(Partner, Istitutional Relations)

Holds an MSc in Economics from University of Zurich and Lugano/Milan. He is Co-founder and Secretary General of Lugano Commodity trading Association (LCTA) and has more than 10 years’ experience in international trade. He was Deputy Director of the Ticino Chamber of commerce for 10 years and is currently a member of the Board of the Fashion Company LaMartina (Fond. LaMartina based in Switzerland) and President of the Board of Coop. Case al Ponte (Swiss real estate company).

Michele Belcredi

(Partner, Co-Founder, Trading and Logistics)

Has 14 years of experience in the natural gas logistics, asset optimization and trading. He joined ENOI S.p.A. Milan in 2003 and became head of logistics. In 2010, he moved to Hong Kong to head the LNG unit. In 2012, he co-founded ENET Energy SA in Lugano as head of trading & logistics. He was crucial to the DufEnergy Trading SA development as the head of logistics department for natural gas and electricity, where he also served as a Member of the Board. Mr. Belcredi holds a Degree in Electronic Engineering from the University of Pavia, Italy.

Pasquale Corvaglia

(Partner, Sales and Origination)

Mr. Corvaglia joined Enet in April 2016. He has 12+ years of management experience in sales, business development, public and regulatory affairs. After gratuading in Economics at Bocconi University, Mr. Corvaglia started his career as a project manager for renewable energy in Renova Group. From 2009 to 2014, he moved to the European conventional energy subsidiary of Renova where he was appointed senior vice president for business development, marketing and public affairs. In 2015, before joing Enet, he worked as independent consultant for some leading Italian utilities.

Matteo Zannier

(Partner, Finance and Risk Management)

Joined ENET Energy SA in October 2014. From 2004 to 2013, he was at the centre of competence for hedge fund investing of the Generali Group as head of multi arbitrage and head of event driven strategies, responsible for due diligence, selection and investing with the most talented alternative managers globally. He started his career in 1998, as an analyst and portfolio manager, collaborating with different private and professional investment companies, including family offices, asset managers and private banks where he also served as a member of the board of directors. Mr. Zannier holds a BA Hon., from Università Cattolica del Sacro Cuore, Milan.

Trading activity and relationship with partners

Supply

Where we work

Trading

Transportation

Storage