METLEN expands gas supply portfolio with five-year shell partnership

Under the agreement, which follows the Memorandum of Understanding signed by the two companies in February 2026, Shell will supply METLEN with six LNG cargoes annually, representing a total volume of approximately 0.6 billion cubic metres per year (bcma), over a five-year period commencing in 2027.

The cargoes will be sourced primarily from Shell’s US LNG portfolio and delivered to METLEN for distribution either in the Greek market or in other European natural gas markets.

Strengthening METLEN’s Commercial Flexibility

The agreement forms part of METLEN’s strategy to strengthen its natural gas supply portfolio through long-term contracts, diversify its supply sources and enhance its commercial flexibility.

At the same time, the partnership combines Shell’s global LNG portfolio, shipping capabilities and trading expertise with METLEN’s established presence in Southeastern Europe and its expanding role in European energy markets.

Panagiotis Kanellopoulos, Chief Executive Director International Energy Supply & Trading at METLEN, stated that the agreement translates the two companies’ shared ambition into a long-term supply partnership.

He noted that combining Shell’s global LNG capabilities with METLEN’s regional presence strengthens the group’s supply portfolio and provides greater flexibility in serving Greece and other European markets. He also highlighted that the agreement represents another step towards reinforcing METLEN’s position in Europe’s evolving energy landscape.

For his part, Tom Summers, Executive Vice President for Shell LNG Marketing and Trading, emphasised the crucial role of LNG in meeting the energy needs of consumers and businesses in Greece and across Europe, owing to the flexibility and reliability it provides.

He also welcomed the signing of the agreement, noting that it would contribute to supplying METLEN’s customers across the wider region, while leaving open the possibility of further expanding cooperation between the two companies.

Greece’s Role as an Energy Hub

The new agreement strengthens METLEN’s position in regional and European natural gas markets while also contributing to Greece’s emergence as a major energy hub for Southeastern Europe.

The ability to direct LNG cargoes to both the Greek market and other European destinations provides additional commercial flexibility, expanding METLEN’s options for managing its supply portfolio and meeting the energy needs of the wider region.