Metlen, Shell sign long-term LNG supply deal

Nov 2 (Reuters) - Greece's Metlen Energy & Metals MTLN.L and Shell SHEL.L signed a binding long-term liquefied natural gas (LNG) supply agreement, the companies said on Monday.

• Metlen said the agreement covers six LNG cargoes annually, equivalent to about 0.6 billion cubic metres of natural gas per year, over five years beginning in 2027

• Shell Global LNG Limited will supply the cargoes primarily from Shell's US LNG portfolio, and deliver them for use in Greece or other European gas markets via the Vertical Gas ​Corridor, a route from Greece through central Europe and Ukraine

• Metlen said the agreement would strengthen its long-term gas supply portfolio, diversify sourcing and provide greater commercial flexibility across European energy markets

• The deal builds on a memorandum of understanding signed by the two companies in February 2026 covering LNG supply and trading cooperation between 2027 and 2031