Metlen (METLEN) and Shell Global LNG (Shell Global LNG Limited) have signed a long-term liquefied natural gas (LNG) supply contract, which is based on a memorandum of understanding signed in February 2026.
Contract Details
Under this contract, Shell Global LNG will supply Metlen with six shipments of liquefied natural gas annually, equivalent to approximately 0.6 billion cubic meters per year (bcma). The execution of this contract will begin in 2027 and will continue for five years. The LNG shipments will primarily be sourced from Shell's LNG portfolio in the United States to be delivered to the gas markets of Greece and other European markets.
Read more: Leap in the Oil Industry in Collecting Flared Gas with Dehloran Petro-Refinery
Development of Cooperation between Metlen and Shell
This contract represents another step in the development of cooperation between the two companies, combining Shell's global LNG portfolio, transportation capabilities, and commercial expertise with Metlen's strong presence in Southeast Europe and its growing role in European energy markets. Additionally, this contract strengthens Metlen's strategy to enhance its position through long-term supply contracts, portfolio diversification, and increased commercial flexibility.
Panayotis Kanellopoulos, Executive Director of International Energy Supply and Trading at Metlen, stated: "This agreement with Shell turns our shared aspiration into a long-term supply partnership. The combination of Shell's global LNG capabilities with Metlen's strong presence in the region has strengthened our supply portfolio and provides greater flexibility to serve Greece and other European markets. This agreement is another step in our strategy to diversify energy sources and enhance Metlen's role in the evolving energy landscape of Europe."
Tom Summers, Executive Vice President of LNG Marketing and Trading at Shell, also said: "LNG plays a vital role in providing flexible and reliable energy for people and businesses in Greece and other European countries. We are pleased to sign this agreement with Metlen to help supply our customers in this region and hope to find more opportunities for collaboration in the future."
This contract also strengthens Metlen's role in regional and European natural gas markets and contributes to Greece's evolution into a key energy hub in the region.
Read more: Decrease in B30-VLSFO Price in Rotterdam to $1,360 per Ton · Gas Consumption Management Helps Ensure Sustainable Fuel Supply for Power Plants
