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Shell and METLEN have formalised a memorandum of understanding (MoU) within the US capital of Washington, DC to cooperate on the availability and buying and selling of liquefied pure fuel (LNG).
The MoU covers joint actions for the annual provide and buying and selling of between 500 million and one billion cubic metres (bcm) of LNG in the course of the interval 2027–31.
Deliveries are scheduled for Greece’s LNG regasification services at Revithoussa and Alexandroupolis. Extra plans embody utilising the Vertical Gasoline Hall to entry additional European markets past south-east Europe.
The Revithoussa terminal is located on an islet west of Athens and presently represents the one Greek facility for receiving non permanent storage, regasification and onward provide of LNG to the nationwide transmission system.
The Alexandroupolis floating storage and regasification unit (FSRU) grew to become operational in 2024. It has a regasification capability of as much as 5.5bcm per yr.
METLEN government chairman Evangelos Mytilineos mentioned: “This MoU with Shell marks an vital step in strengthening METLEN’s function within the European pure fuel markets. Our cooperation confirms our shared dedication to enhancing Europe’s power resilience, whereas supporting Greece’s evolution right into a key power hub within the area.”
Representatives signing the MoU included METLEN worldwide power provide and buying and selling chief government director Panagiotis Kanellopoulos and Shell LNG government vice-president Tom Summers.
The occasion occurred within the presence of Greece’s Minister of Surroundings and Vitality Stavros, N Papastavrou; US Secretary of Vitality Chris Wright; US Secretary of the Inside and Nationwide Vitality Dominance Council chairman Doug Burgum; US Ambassador to Greece Kimberly Guilfoyle; and Shell US president Colette Hirstius.
The MoU units out a framework for collaboration consistent with the Vertical Gasoline Hall initiative.
The Vertical Gasoline Hall is designed to extend connectivity between Greece and international locations equivalent to Bulgaria, Hungary, Moldova, Romania, Slovakia and Ukraine utilizing present infrastructure, together with the newly operational Alexandroupolis FSRU and the Trans-Balkan Pipeline.
This hall affords an alternate route for fuel provide into Europe and connects to substantial underground storage in Ukraine.
Shell continues to be a serious purchaser of US LNG with vital transport capability and a big market portfolio.
In keeping with Shell’s LNG outlook launched in late 2025, world demand for the commodity may rise by round 60% by 2040. The demand shall be pushed by elements together with financial development in Asia and efforts to cut back emissions in heavy business and transport, alongside impacts from AI.
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