Shell and METLEN have formalized a memorandum of understanding (MoU) in Washington, DC, the US capital, to cooperate in the supply and marketing of liquefied natural gas (LNG).
The MoU covers joint activities for the annual supply and marketing of between 500 million and one billion cubic meters (bcm) of LNG during the period 2027-2031.
Deliveries are planned for Greece’s LNG regasification facilities at Revithoussa and Alexandroupolis. Additional plans include utilizing the Vertical Gas Corridor to access other European markets beyond Southeast Europe.
The Revithoussa terminal is located on an islet west of Athens and currently represents the only Greek facility to receive temporary storage, regasification and subsequent supply of LNG to the national transmission system.
The Alexandroupolis floating storage and regasification unit (FSRU) became operational in 2024. It has a regasification capacity of up to 5.5 bcm per year.
METLEN CEO Evangelos Mytilineos said: “This MoU with Shell marks an important step in strengthening METLEN’s role in the European natural gas markets. Our cooperation confirms our shared commitment to improving Europe’s energy resilience, while supporting Greece’s evolution into a key energy hub in the region.”
Among the representatives who signed the MoU were METLEN International Energy Supply and Trading Executive Director Panagiotis Kanellopoulos and Shell LNG Executive Vice President Tom Summers.
The event took place in the presence of the Minister of Environment and Energy of Greece, Stavros, N. Papastavrou; the Secretary of Energy of the United States, Chris Wright; the Secretary of the Interior of the United States and president of the National Energy Domain Council, Doug Burgum; the United States ambassador to Greece, Kimberly Guilfoyle; and the president of Shell in the United States, Colette Hirstius.
The MoU establishes a collaboration framework in line with the Vertical Gas Corridor initiative.
The Vertical Gas Corridor is designed to increase connectivity between Greece and countries such as Bulgaria, Hungary, Moldova, Romania, Slovakia and Ukraine using existing infrastructure, including the newly operational Alexandroupolis FSRU and the Trans-Balkan Pipeline.
This corridor offers an alternative route for gas supplies to Europe and connects to important underground storage in Ukraine.
Shell remains a major buyer of US LNG with significant shipping capacity and a broad portfolio of markets.
According to Shell’s LNG outlook released in late 2025, global demand for the commodity could rise by around 60% by 2040. Demand will be driven by factors including economic growth in Asia and efforts to reduce emissions in heavy industry and transportation, along with the impacts of AI.