Shell, METLEN Sign 5-Year LNG Supply Deal for Greek Terminals
Shell and METLEN have signed a five-year LNG supply and trading agreement covering 0.5–1.0 Bcm per year for delivery to Greek terminals, supporting Southeast Europe’s energy security.
(P&GJ) — Shell and METLEN Energy & Metals have signed a memorandum of understanding outlining a five-year framework for liquefied natural gas (LNG) supply and trading across Southeast Europe.
Under the agreement, the companies plan to supply and trade approximately 0.5 to 1.0 billion cubic meters (Bcm) of LNG per year from 2027 through 2031. Deliveries are expected to flow to Greece’s LNG regasification terminals at Revithoussa and Alexandroupolis.
The arrangement also includes use of the Vertical Gas Corridor, expanding access to additional European markets beyond Southeast Europe.
Shell, one of the world’s largest LNG producers and traders and a major buyer of U.S. LNG, will leverage its global portfolio and shipping capabilities to support supply volumes. METLEN, a significant natural gas market participant in Southeast Europe, said the agreement strengthens its regional position while contributing to energy security and liquidity.
"This MoU with Shell marks an important step in strengthening METLEN's role in the European natural gas markets. Our cooperation confirms our shared commitment to enhancing Europe's energy resilience, while supporting Greece's evolution into a key energy hub in the region." said Evangelos Mytilineos, Executive Chairman of METLEN.
The agreement reflects both companies’ intent to pursue broader joint development opportunities across Europe aligned with the Vertical Gas Corridor initiative.
The memorandum was signed in Washington, D.C., by senior executives from both companies in the presence of Greek and U.S. government officials.