Shell inks LNG supply deals in US capital, for European facilities

Shell’s LNG marketing and trading is laying the groundwork for supply deals for European regasification facilities. 

In memoranda of understanding (MoU) signed in Washington, DC, with senior representatives of the US and European governments on hand, Shell agreed co-operative frameworks with Switzerland’s MET Group and Greece’s Metlen Energy & Metals.

"Signed at the White House, the MoU sets out a framework for potential future LNG supply from Shell’s US LNG portfolio to MET for delivery into European regasification facilities," Shell’s LNG trading and marketing arm wrote on its LinkedIn corporate page. 

Shell said it is "exploring additional volumes" with MET Group.

MET Group also issued a statement on the deal, saying, "The MoU expands our long-term LNG co-operation, with a focus on US LNG – strengthening transatlantic energy ties and supporting Europe’s energy security."
Athens, Greece-based Metlen Energy & Metals said it has signed an MoU with Shell, too, noting that the agreement was signed in a ceremony that included  Greece’s Minister of Environment and Energy Stavros N Papastavrou, US Energy Secretary Chris Wright and US Interior Secretary Doug Burgum, along with the US Ambassador to Greece, and Shell USA president Colette Hirstius.

Under the MoU, the two companies will supply and trade approximately 0.5 to 1.0 bcm of US LNG per year over five years between 2027 and 2031, with deliveries to the Greek LNG regasification facilities in Revithoussa and Alexandroupolis. 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,"  a statement from the companies said.

Metlen executive chairman Evangelos Mytilineos said the "co-operation confirms our shared commitment to enhancing Europe’s energy resilience, while supporting Greece’s evolution into a key energy hub in the region."