Shell and Metlen Energy sign agreement for LNG supply and trading
Metlen Energy & Metals PLC on Wednesday announced a memorandum of understanding with London-based oil major Shell PLC, for a framework for cooperation in the supply and trading of liquefied natural gas.
Metlen is an Athens and London-based aluminium producer and electricity generator. It also invests in network infrastructure, battery storage, and other green technologies.
Metlen said it and Shell will supply and trade around 500 million to 1 billion cubic metres of liquefied natural gas per year from 2027 to 2031, with deliveries to the Greek LNG regasification facilities in Revithoussa and Alexandroupolis.
Metlen Executive Chair Evangelos Mytilineos said: 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 in the region.
Metlen shares rose 2.9% to €35.95 each on Wednesday morning in London, giving it a market capitalisation of €5.05 billion. Shell shares were up 1.2% at 3,006.00p for a market cap of £169.74 billion.
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