London-listed Metlen announced in a statement that it has signed the MoU with Shell on Tuesday, establishing a framework for cooperation in the supply and trading of LNG.
The deal was signed in Washington, D.C., and the ceremony was attended by US and Greek ministers and other officials.
Under the memorandum, the two companies will supply and trade approximately 0.5 to 1 bcm per year over the five-year period 2027-2031, with deliveries to the Greek LNG regasification facilities in Revithoussa and Alexandroupolis.
Metlen said the agreement also envisages the use of the vertical gas corridor, enabling access to additional European markets beyond Southeast Europe.
Shell, as the largest purchaser of LNG from the United States, is “well positioned to support growing natural gas supply needs through its global portfolio, advanced shipping capabilities, and extensive market expertise,” Metlen said
“With this support, Metlen is further strengthening its position as a key natural gas player in the region, enhancing market liquidity while contributing to regional energy security and reinforcing Greece’s role as a strategic regional energy hub,” it said.
In December 2025, Metlen delivered its first US LNG cargo to Gastrade’s FSRU-based terminal in Alexandroupolis, destined to supply Bulgaria’s Bulgargaz.
The shipment was delivered from Venture Global’s Plaquemines LNG facility.
Metlen also noted that in 2018, it became the first company to import LNG via the DESFA-operated Revithoussa LNG terminal and export it to Bulgaria.
In October 2025, Bulgargaz selected TotalEnergies, Metlen, and Shell to supply it with US LNG cargoes via the Alexandroupolis FSRU following a tender.
French energy giant TotalEnergies and Metlen have been selected to supply LNG in October and December 2025, while Metlen and Shell have been selected to supply LNG in January and March 2026, respectively.
