Starting point of AIK Energy
The starting point of AIK Project is dated back in 2013, the year when AIK Trading Ltd. was founded in the United Kingdom. Focused mainly in its early beginnings on trading petroleum products, crude oil and condensate across Central and Eastern Europe, the company has gradually expanded its presence on the European gas&energy markets, being registered in United Kingdom, Austria, Hungary, Slovakia, Romania, the Czech Republic, Italy, Greece, Ukraine and Moldova.
The Group faced a rapid growth by following a rigorous business plan based on the team’s wide experience and excellent entrepreneurial spirit.
Presently known as AIK Energy Ltd., the group has developed profitable resources in the natural gas and power segments and is currently establishing its own entities and acquiring local companies in order to diversify the trading platform and portfolio in other six European countries (Germany, Netherlands, Belgium, Spain, France, Poland
Aiming to fulfill the first stages of the expansion plans, in 2017 we created AIK Energy Ltd. Londra – Sucursala Bucuresti (Bucharest Branch), AIK Energy Ukraine, AIK Energy SRL – Moldova, followed in 2019 by the incorporation of AIK Energy Austria and the acquisition of Keroleum KFT Hungary, later known as AIK Energy Hungary and the acquisition of Valahia Gaz, later known as AIK Energy Romania.
Driven by strong values of true partnerships, innovation, professionalism, social responsibility and flexibility, the company encountered a rapid growth on the European market.
Among the most notable aspects, AIK Energy through the Bucharest Branch, started trading natural gas in 2018, and became soon one of the largest natural gas importers of Romania.
According to ANRE (Romanian Energy Regulatory Authority) AIK Energy, through its subsidiaries, held a market share of more than 35% of the imported natural gas in 2019.
End of 2019
Romanian wholesale gas market
The company focused in 2018 on the gas trading activity and managed to sell from October 2018 to June 2019 a quantity of 6.2Mln MWh at a turnover of about EUR 120Mln, which made AIK Energy LTD the second largest gas supplier in Q1/2019, with a market share of 17.2%, in addition to the fact that it was positioned by the ANRE reports as the largest importer of natural gas in Romania.
The above-mentioned achievements underline the sustainability of AIK Energy LTD’s strategy and performance.
Representative of the Bucharest Branch
AIK Energy Ltd. UK is managed by Mr. Harald Reiner Kraft, an energy professional with over 40 years of experience in the oil & gas industry, out of which 22 years in Romania, holding a PHD in Petroleum Engineering at the Technical University, Clausthal, Germany.
His working experience at Wintershall group in Romania, as well as him being the Managing Director of the natural gas division at OMV Petrom and country manager of Stratum Energy Romania LLC recommend him as one of the best professionals in the area.