#USA #Washington, D.C. #METLEN Energy #LNG Supply #Shell LNG

Landmark Partnership Between Shell and METLEN

In a groundbreaking agreement, Shell and METLEN have taken a significant step towards strengthening the natural gas market in Europe. On February 24, 2026, the two companies signed a Memorandum of Understanding (MoU) that establishes a comprehensive framework for collaboration in the supply and trading of Liquefied Natural Gas (LNG).

Shell, recognized as one of the largest producers and traders of LNG worldwide, joins forces with METLEN, a major player in the Southeast European natural gas industry. Both companies are listed on the London Stock Exchange and are part of the esteemed FTSE 100 Index.

Key Details of the MoU

Under the terms of the MoU, Shell and METLEN will collaborate to supply and trade an estimated 0.5 to 1.0 billion cubic meters (bcm) of LNG annually throughout a five-year period spanning from 2027 to 2031. The LNG will be delivered to the Greek regasification facilities located in Revithoussa and Alexandroupolis. This initiative also includes the strategic use of the Vertical Gas Corridor, which will enable access to wider European markets beyond just Southeast Europe.

Shell's capability as the largest purchaser of LNG from the United States positions it well to address the rising demand for natural gas in Europe. With its advanced shipping capabilities and extensive market knowledge, Shell is set to substantially contribute to METLEN's operations, helping to bolster its status in the region. This partnership is anticipated to enhance market liquidity and is integral to reinforcing Greece’s standing as a pivotal energy hub in the region.

Strengthening Europe's Energy Security

Evangelos Mytilineos, Executive Chairman of METLEN, emphasized the importance of this agreement, stating, “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.”

The collaboration reflects a mutual intention to develop joint projects across various European countries, aligning with the Vertical Gas Corridor initiative, which aims to improve energy distribution within the continent.

High-Profile Signatories

The agreement was officially signed in Washington, D.C. by Panagiotis Kanellopoulos, Chief Executive Director for International Energy Supply and Trading at METLEN, alongside Tom Summers, Executive Vice President of Shell LNG. Their momentous signing was witnessed by several high-profile officials, including Stavros N. Papastavrou, Minister of Environment and Energy of Greece, and Chris Wright, U.S. Secretary of Energy, adding a layer of significance to this partnership.

This collaboration not only solidifies existing relations but also underscores the strategic importance of natural gas in Europe's energy future. It marks a fresh chapter that indicates a strengthened commitment towards a diversified energy portfolio, ensuring that European markets have consistent and reliable access to LNG.

About METLEN

METLEN Energy Metals Plc is a prominent international industrial and energy group renowned for its leadership in metallurgy and energy sectors. The company focuses on sustainable growth and circular economy principles. Operating across five continents and more than 40 countries, METLEN employs over 9,000 individuals worldwide. The organization is dedicated to providing integrated solutions, operationalizing projects in thermal and renewable energy generation, and contributing significantly to the European energy landscape.

In the fiscal year 2024, METLEN reported notable financial resilience, with consolidated revenue reaching €5.68 billion and an EBITDA of €1.08 billion. With a steadfast commitment to enhancing its market presence, this partnership with Shell further solidifies METLEN’s role in the energy sector while marking an evolution in regional energy security.