METLEN and Shell signed a Memorandum of Understanding (MoU) for the supply and trading of Liquefied Natural Gas (LNG). The agreement was signed in Washington by Panagiotis Kanellopoulos, Chief Executive Director, International Energy Supply & Trading at METLEN and Tom Summers, Executive Vice President, Shell LNG.
The two companies will supply and trade volumes of 0.5 to 1.0 bcm annually for the period 2027–2031. The agreement provides for delivery to the Greek LNG receiving and regasification terminals at Revithoussa and Alexandroupolis, as well as the use of the Vertical Gas Corridor to access other European markets.
Evangelos Mytilineos, Executive Chairman of METLEN, emphasized the importance of the partnership in strengthening the company’s role in European natural gas markets, enhancing Europe’s energy resilience and further establishing Greece as a key regional energy hub.
The presence of Stavros Papastavrou - Σταύρος Παπασταύρου, Minister of Environment and Energy of Greece; Chris Wright, U.S. Secretary of Energy, Doug Burgum, Chairman of the National Energy Dominance Council and U.S. Secretary of the Interior, Kimberly Guilfoyle, U.S. Ambassador to Greece; and Colette Hirstius, President of Shell USA, Inc., highlighted the strategic importance of this partnership, which is reshaping the natural gas market in Southeastern Europe.
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