Metlen Signs Five-Year LNG Supply Deal With Shell
Shell Global LNG will supply six cargoes a year to Metlen starting in 2027 under a binding agreement.
Updated on Nov. 2, 2026 in Oil and Gas
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Metlen signed a binding five-year liquefied natural gas supply agreement with Shell Global LNG Limited, following a memorandum of understanding signed in February 2026. Under the deal, Shell will deliver six LNG cargoes annually, sourced primarily from its US LNG portfolio.
Why it matters
The agreement is part of Metlen's strategy to strengthen its position through long-term supply arrangements, portfolio diversification and enhanced commercial flexibility. It also supports Greece's evolution into a key energy hub in the region.
The contract covers six LNG cargoes a year, roughly 0.6 billion cubic metres annually, across five years beginning in 2027. The extraction does not disclose pricing or total contract value.
The players
Metlen
Metlen is a Greek industrial and energy company that is expanding its long-term gas supply and commercial flexibility in the European market.
Shell Global LNG Limited
Shell Global LNG Limited is the liquefied natural gas arm of the global energy major Shell, with a large portfolio that includes US LNG supply.
The details
Shell's global LNG portfolio, shipping capabilities and trading expertise are combined with Metlen's regional presence to deliver the cargoes. The LNG is sourced primarily from Shell's US LNG portfolio and will be supplied to the Greek market or other European gas markets.
Timeline
February 2026: Metlen and Shell sign a memorandum of understanding.
2027: Five-year LNG cargo supply under the binding agreement begins.
Market Landscape
The deal shifts supply sourcing toward long-term US LNG contracts, positioning Greece as a transit and distribution point within the European gas market. It reflects a broader industry trend of portfolio-based LNG arrangements that combine global shipping with regional commercial presence.
The agreement's supply begins in 2027, so consumers and businesses served by Greek and European gas markets may see the effects of diversified LNG sourcing in later years. Direct pricing impacts are not specified in the source extraction.
The takeaway
Long-term supply contracts like this one give energy buyers more predictability in sourcing, and the 2027 start date gives time to watch how the arrangement affects regional gas flows.
Further reading
Explore more on the Oil and Gas industry for context on long-term LNG supply deals.
Source note: This article includes information reported by Αποκαλυπτικό ρεπορτάζ, αρθρογραφία και άμεση ενημέρωση, με όλα τα τελευταία νέα και ειδήσεις για την Οικονομία, τις Επιχειρήσεις, το Χρηματιστήριο, το Bitcoin, τις πολιτικές εξελίξεις και τον πολιτισμό.
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