REG - Metlen Energy&Metals - Landmark agreement between Shell and METLEN

Metlen Energy & MetalsAnnouncement

25/02/2026 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260225:nRSY3271Ua&default-theme=true

RNS Number : 3271U  Metlen Energy & Metals PLC  25 February 2026

PRESS RELEASE

Landmark agreement between Shell and METLEN for cooperation in LNG supply and
trading

Athens, Greece / London, United Kingdom - February 25, 2026 - Shell and METLEN
(http://www.metlen.com) , signed on Tuesday, February 24, 2026,  a Memorandum
of Understanding (MoU), establishing a framework for cooperation in the supply
and trading of Liquefied Natural Gas (LNG).

Shell, one of the world's largest LNG producers and traders, and METLEN, which
holds a leading position in the natural gas market of Southeast Europe, are
both listed on the London Stock Exchange and on the FTSE 100 Index.

Under the MoU, the two companies will supply and trade approximately 0.5 to
1.0 bcm per year over the five-year period 2027-2031, 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.

With this support, METLEN is further strengthening its position as a key
natural gas player in the region, enhancing market liquidity while
contributing to regional energy security and reinforcing Greece's role as a
strategic regional energy hub.

Evangelos Mytilineos, Executive Chairman of METLEN, stated: "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
enhancing Europe's energy resilience, while supporting Greece's evolution into
a key energy hub in the region."

The MoU reflects the intention of both parties to pursue joint development
across a number of European countries, in alignment with the Vertical Gas
Corridor initiative. The agreement was signed in Washington, D.C., by
Panagiotis Kanellopoulos, Chief Executive Director, International Energy
Supply & Trading at METLEN, and Tom Summers, Executive Vice President,
Shell LNG, in the presence of Stavros N. Papastavrou, Minister of Environment
and Energy of Greece; Chris Wright, United States Secretary of Energy; Doug
Burgum, U.S. Secretary of the Interior and Chairman of the National Energy
Dominance Council; Kimberly Guilfoyle, United States Ambassador to Greece; and
Colette Hirstius, President, Shell USA, Inc., highlighting the strategic
importance of this cooperation.

 

Notes to editors:

Official photo material of METLEN and its activities can be found here
(https://www.metlengroup.com/photo-gallery?category=press-kit) .

 

For further information please contact:

Ms. Antigoni Fakou: METLEN Press Office, Tel. +30210-6877346 | Fax
+30210-6877400 | E-mail: Antigoni.fakou@metlen.com
(mailto:Antigoni.fakou@metlengroup.com)

 

About METLEN:

METLEN Energy & Metals Plc (METLEN) is the parent company of the
international industrial and energy group, a leader in the metallurgy and
energy sectors, focused on sustainable growth and the circular economy. METLEN
is a benchmark in competitive "green" metallurgy at both European and global
level, operating the only fully integrated bauxite, alumina and primary
aluminium production plant in the European Union, with privately owned port
facilities. In the energy sector, the Company provides integrated solutions
through the implementation of thermal and renewable power generation projects,
electricity distribution and supply, 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 9,000
people worldwide and applying a fully synergistic model across its metallurgy,
energy and end-to-end energy project development activities.

METLEN Financial Highlights

The Company has its primary listing on the London Stock Exchange and secondary
listed on the Athens Stock Exchange, and is a constituent of the FTSE 100
Index. In 2024, METLEN reported consolidated revenue of €5.68 billion and
EBITDA of €1.08 billion, up 7% year-on-year, with net profit of €615
million. Adjusted net debt stood at €1.78 billion, with a Net Debt/EBITDA
ratio of 1.7x, 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.

www.metlen.com (http://www.metlengroup.com/) | Facebook
(https://www.facebook.com/metlengroup) | X (https://x.com/MetlenSA) | YouTube
(https://www.youtube.com/@MetlenGroup) | LinkedIn
(https://www.linkedin.com/company/metlengroup)

 

If you no longer wish to receive Press Releases and Updates from METLEN, click
here
(mailto:communications@mytilineos.gr?subject=%CE%91%CF%86%CE%B1%CE%AF%CF%81%CE%B5%CF%83%CE%B7%20e-mail%20%CE%B1%CF%80%CF%8C%20%CF%84%CE%B7%20%CE%BB%CE%AF%CF%83%CF%84%CE%B1%20%CF%83%CE%B1%CF%82%20/%20Remove%20me%20from%20your%20lists&body=%CE%A0%CE%B1%CF%81%CE%B1%CE%BA%CE%B1%CE%BB%CF%8E,%20%CE%B4%CE%B5%CE%BD%20%CE%B5%CF%80%CE%B9%CE%B8%CF%85%CE%BC%CF%8E%20%CE%BD%CE%B1%20%CE%BB%CE%B1%CE%BC%CE%B2%CE%AC%CE%BD%CF%89%20e-mail%20%CE%BC%CE%B5%20%CE%94%CE%B5%CE%BB%CF%84%CE%AF%CE%B1%20%CE%A4%CF%8D%CF%80%CE%BF%CF%85%20%CE%BA%CE%B1%CE%B9%20%CE%95%CE%BD%CE%B7%CE%BC%CE%B5%CF%81%CF%8E%CF%83%CE%B5%CE%B9%CF%82%20%CE%B3%CE%B9%CE%B1%20%CF%84%CE%B7%CE%BD%20%CE%B5%CF%84%CE%B1%CE%B9%CF%81%CE%B5%CE%AF%CE%B1%20MYTILINEOS%20%CE%BA%CE%B1%CE%B9%20%CF%84%CE%B9%CF%82%20%CE%B8%CF%85%CE%B3%CE%B1%CF%84%CF%81%CE%B9%CE%BA%CE%AD%CF%82%20%CF%84%CE%B7%CF%82,%20%CE%B3%CE%B9%CE%B1%20%CF%84%CE%BF%20%CE%BB%CF%8C%CE%B3%CE%BF%20%CE%B1%CF%85%CF%84%CF%8C%20%CE%B5%CF%80%CE%B9%CE%B8%CF%85%CE%BC%CF%8E%20%CE%BD%CE%B1%20%CE%B1%CF%86%CE%B1%CE%B9%CF%81%CE%B5%CE%B8%CF%8E%20%CE%B1%CF%80%CF%8C%20%CF%84%CE%B7%20%CE%BB%CE%AF%CF%83%CF%84%CE%B1%20%CF%80%CE%B1%CF%81%CE%B1%CE%BB%CE%B7%CF%80%CF%84%CF%8E%CE%BD.%20Please,%20I%20would%20like%20you%20to%20remove%20my%20e-mail%20address%20from%20your%20list,%20since%20I%20do%20not%20want%20to%20receive%20Press%20Releases%20and%20Newsletters%20for%20MYTILINEOS%20Company.)
.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRFIFLDFVIEFIR



            Copyright 2019 Regulatory News Service, all rights reserved