METLEN and Shell Sign Long-Term LNG Supply Agreement

METLEN and Shell Global LNG Limited have entered into a binding long-term Liquefied Natural Gas (LNG) supply agreement. This agreement expands on the Memorandum of Understanding signed in February of 2026. Under the terms of the contract, Shell Global LNG Limited will provide METLEN with six LNG shipments annually, totaling approximately 0.6 billion cubic meters per year, starting in 2027.

These LNG shipments will primarily be sourced from Shell's US LNG portfolio and delivered to METLEN for distribution in Greece or other European gas markets. The contract underscores the growing partnership between the two companies, merging Shell's extensive global LNG portfolio, maritime expertise, and trading acumen with METLEN's established presence in Southeast Europe and its expanding influence in European energy markets.

It also bolsters METLEN's strategic objectives of establishing long-term supply agreements, diversifying its energy portfolio, and enhancing its commercial flexibility. Panayotis Kanellopoulos, Chief Executive Director of METLEN's International Energy Supply & Trading, stated that this agreement with Shell aligns their mutual objectives into a long-term supply collaboration.

By integrating Shell's global LNG capabilities with METLEN's entrenched regional footprint, the agreement enhances their supply portfolio and fortifies METLEN's position in Europe's evolving energy sector. Tom Summers, Executive Vice President for Shell LNG Marketing and Trading, expressed satisfaction with the agreement, highlighting LNG's role in offering flexible and dependable energy to Greek and European businesses.

He expressed enthusiasm for the collaboration and potential future expansions. This agreement bolsters METLEN's standing in regional and European natural gas markets and supports Greece's transformation into a critical energy hub in the region.