METLEN and Shell Sign Long-Term LNG Supply Deal
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PRESS RELEASE
METLEN and Shell Sign Long-Term LNG Supply Agreement
KEY HIGHLIGHTS
- Shell Global LNG Limited will supply METLEN with six LNG cargoes annually from 2027 for a five-year period
- Cargoes will be sourced primarily from Shell’s US LNG portfolio for supply to Greece and access to European markets through the Vertical Gas Corridor
- Building on the February 2026 MoU, the binding agreement strengthens METLEN’s long-term supply portfolio, sourcing diversification and commercial flexibility across European energy markets
Athens, Greece / London, United Kingdom – 2 November 2026 – METLEN and Shell Global LNG Limited have signed a binding long-term Liquefied Natural Gas (LNG) supply agreement, building on the Memorandum of Understanding (MoU) signed in February 2026.
Under the agreement, Shell Global LNG Limited will supply METLEN with six LNG cargoes per year, amounting to approximately 0.6 billion cubic meters per annum (bcma), over a period of five years, commencing in 2027.
The LNG cargoes will be delivered to METLEN, primarily sourced from Shell’s US LNG portfolio, for supply to Greece or other European gas markets.
The agreement marks a further step in the development of the cooperation between the two companies, combining Shell’s global LNG portfolio, shipping capabilities and trading expertise, with METLEN’s established presence in Southeast Europe and its growing role in European energy markets. It also reinforces METLEN’s strategy to strengthen its position through long-term supply arrangements, portfolio diversification and enhanced commercial flexibility.
Panayotis Kanellopoulos, Chief Executive Director International Energy Supply & Trading of METLEN, commented: “This agreement with Shell translates our shared ambition into a long-term supply partnership. Combining Shell’s global LNG capabilities with METLEN’s established regional presence strengthens our supply portfolio and gives us greater flexibility to serve Greece and other European markets. It is a further step in our strategy to diversify energy sourcing and strengthen METLEN’s role in Europe’s evolving energy landscape.”
Tom Summers, Executive Vice President for Shell LNG Marketing and Trading, said: “LNG plays a vital role in providing flexible and reliable energy for people and businesses across Greece and other European countries. We are pleased to sign this agreement with METLEN to help supply their customers across the region and we look forward to exploring opportunities to further our collaboration in the future.”
The agreement further strengthens METLEN’s role in in regional and European natural gas markets, while supporting Greece’s evolution into a key energy hub in the region.
Notes to editors:
- Photo material on METLEN and its activities is available here.
For further information about METLEN, please contact:
- Ms Antigoni Fakou: METLEN Press Office (Athens) Tel. +30 210 6877346 | Email: antigoni.fakou@metlen.com
- Mr Thanasis Gavos: METLEN Press Office (London) Tel. +44 7955 289649 | Email: thanasis.gavos@metlen.com
About METLEN:
METLEN Energy & Metals Plc (METLEN) is an international industrial and energy Company, holding a leading position in the metals and energy sectors, focused on sustainable growth and the circular economy. METLEN has established itself as a benchmark in competitive “green” metallurgy at both European and global level, operating the only fully integrated bauxite, alumina and primary aluminium production unit in the European Union, with privately owned port facilities. In the Energy Sector, METLEN provides integrated energy solutions through the implementation of thermal and renewable power generation projects, electricity distribution and trading, as well as investments in network infrastructure, battery storage and other green technologies. METLEN operates across five continents and in more than 40 countries, employing over 8,500 people worldwide and implementing a fully synergistic model across its Sectors.
METLEN Financial Highlights
METLEN has its primary listing on the London Stock Exchange and secondary listing on the Athens Stock Exchange and is a constituent of the FTSE 100 Index. In 2025, METLEN reported consolidated revenue of €7.11 billion and EBITDA of €753 million with net profit of €314 million. Adjusted net debt stood at €2.10 billion, with a Net Debt/EBITDA ratio of 3.1x, reflecting strong financial resilience. METLEN is rated by leading international sustainability and ESG agencies, holding the unique Greek position in the Dow Jones Best-in-Class Emerging Market Index, and distinguished across MSCI, Sustainalytics, ISS Quality score, ISS Corporate Score, S&P Global ESG, LSEG, CDP, FTSE Russell, ESG Book, EcoVadis, Bloomberg and IdealRatings.
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