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ENET Energy

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Swiss private energy commodities company supplying natural gas across Europe.

Last updated September 28, 2026

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Overview

ENET Energy SA is a private, independent energy commodities company headquartered in Lugano, Switzerland. Founded in 2012, the company specialises in the supply and trading of natural gas to clients across the main European countries. Its business is built around a transportation and storage portfolio that allows it to move gas across European markets and to offer customers a competitive edge through expertise, engagement and commitment. The company describes its focus as service, efficiency and transparency. ENET's client base includes some of the largest municipalities in Europe, distributors, resellers, multinationals, primary commodity trading companies and the principal European natural gas system operators. Rather than owning upstream production, ENET positions itself as a midstream and downstream gas supplier and trader, using its logistics and asset-optimisation capabilities to serve utilities, industrial buyers and other large consumers. The company is owned by its managers, who are described as skilled professionals from the engineering, economic and finance sectors. This ownership structure is intended to align the long-term objectives of shareholders with the company's operational and performance goals. ENET states that it operates a lean, flexible structure managed by a board of directors approved by shareholders, with each functional team reporting to a manager with high specific competence. It has its own code of ethics and, as a member of the Lugano Commodity Trading Association (LCTA), complies with the Code of Conduct of the Swiss Trading and Shipping Association (STSA). Among the co-founders are Matija Barudžija, who serves as CEO and previously worked at ENOI S.p.A. in Milan, and Marco Passalia, who handles institutional relations and has extensive experience in international trade and trade associations in Ticino. Michele Belcredi is a co-founder responsible for trading and logistics. ENET was also a founding partner of Dufenergy Trading, a joint venture between Enet and Duferco. ENET remains a privately held Swiss company focused on European natural gas supply, risk management and long-term expansion. Its stated philosophy is to interpret and anticipate trends in energy markets while maintaining rigorous risk management and compliance with national and international standards.

History

ENET Energy SA was founded in Lugano, Switzerland, in 2012 by a group of professionals with backgrounds in natural gas trading, international trade and finance. Among the co-founders was Matija Barudžija, who had joined ENOI S.p.A. in Milan in 2007 and became head of international sales and origination there before co-founding ENET. Marco Passalia, another co-founder, brought experience from international trade and from his role as Deputy Director of the Ticino Chamber of Commerce, as well as his involvement in the Lugano Commodity Trading Association (LCTA). Michele Belcredi, a third co-founder, focused on trading and logistics. From its base in Lugano, ENET built a business around the supply of natural gas to clients in the main European countries. The company assembled a transportation and storage portfolio that allows it to move gas across European markets and to optimise assets for its customers. Its client and partner base grew to include large European municipalities, distributors, resellers, multinationals, primary commodity trading companies and the principal European natural gas system operators. ENET was also a founding partner of Dufenergy Trading, a joint venture between Enet and Duferco. This venture reflected the company's strategy of combining trading expertise with industrial and logistics partners to extend its reach in European energy markets. The company is owned by its managers, a structure intended to align shareholder interests with long-term operational goals. ENET describes itself as a private, independent company with a lean, flexible organisation, managed by a board of directors approved by shareholders. It has its own code of ethics and, as a member of the LCTA, complies with the Code of Conduct of the Swiss Trading and Shipping Association (STSA). Over the years, ENET has continued to focus on European natural gas supply, risk management and long-term expansion. Its stated philosophy is to interpret and anticipate trends in energy markets, using the experience gained over years of operations responsibly and efficiently. The company remains headquartered in Lugano and active in international energy and commodity trading.

  • 2012

    ENET Energy SA is founded in Lugano, Switzerland, by Matija Barudžija, Marco Passalia and Michele Belcredi.

  • 2007

    Matija Barudžija joins ENOI S.p.A. in Milan and later becomes head of international sales and origination.

  • ENET becomes a founding partner of Dufenergy Trading, a joint venture between Enet and Duferco.

Products and positioning

Private, independent Swiss energy commodities company focused on natural gas supply across Europe, emphasising service, efficiency, transparency and rigorous risk management.

  • Natural gas supply

    Supply of natural gas to clients in the main European countries.

  • Natural gas trading

    Trading and optimisation of natural gas positions using a transportation and storage portfolio.

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