Business
Landmark agreement between Shell and METLEN for cooperation in LNG supply and trading
Shell and METLEN, signed on Tuesday, February 24, 2026, a Memorandum of Understanding (MoU), establishing a framework for cooperation in the supply and trading of Liquefied Natural Gas (LNG).
About this update from Metlen Energy & Metals Plc
[{"type":"text","content":"ATHENS, Greece and LONDON, Feb. 25, 2026 /PRNewswire/ -- Shell and METLEN, signed on Tuesday, February 24, 2026, a Memorandum of Understanding (MoU), establishing a framework for cooperation in the supply and trading of Liquefied Natural Gas (LNG).","length":253,"tagName":"p"},{"type":"image","alt":"METLEN Energy & Metals Logo","displaySize":"","headline":null,"caption":"METLEN Energy & Metals Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":178,"url":"https://media.zenfs.com/en/prnewswire.com/56ff91d4307160ee15f4b2e47270be10"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hDYJLDOMDDCSDYP.k7qqXg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMxNDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/56ff91d4307160ee15f4b2e47270be10","width":400,"height":178}}},{"type":"text","content":"Shell, one of the world's largest LNG producers and traders, and METLEN, which holds a leading position in the natural gas market of Southeast Europe, are both listed on the London Stock Exchange and on the FTSE 100 Index.","length":226,"tagName":"p"},{"type":"text","content":"Under the MoU, the two companies will supply and trade approximately 0.5 to 1.0 bcm per year over the five-year period 2027–2031, with deliveries to the Greek LNG regasification facilities in Revithoussa and Alexandroupolis. The agreement also envisages the use of the Vertical Gas Corridor, enabling access to additional European markets beyond Southeast Europe.","length":363,"tagName":"p"},{"type":"text","content":"Shell, as the largest purchaser of LNG from the United States, is well positioned to support growing natural gas supply needs through its global portfolio, advanced shipping capabilities, and extensive market expertise.","length":219,"tagName":"p"},{"type":"text","content":"With this support, METLEN is further strengthening its position as a key natural gas player in the region, enhancing market liquidity while contributing to regional energy security and reinforcing Greece's role as a strategic regional energy hub.","length":250,"tagName":"p"},{"type":"text","content":"Evangelos Mytilineos, Executive Chairman of METLEN, stated: "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...