MET Group inks MOU on LNG with Shell
MET International AG, the trading and wholesale arm of Swiss-based integrated energy company MET Group, and Shell Global LNG Limited have signed in Washington DC a non-binding Memorandum of Understanding (MOU) to expand their existing long-term cooperation in LNG and gas trading, MET announced on Wednesday.
The MOU provides a framework for the potential purchase by MET of LNG, sourced primarily from Shell’s US LNG portfolio, for delivery to various European regasification facilities.
The cooperation with Shell aims to enhance the security of gas supply in Europe, MET said in a statement.
The deal is the next step of a 10-year long-term agreement signed in July 2024.
MET is proud to support the strategic cooperation between the United States and the European Union in the field of LNG supplies. This MOU represents another important step in strengthening transatlantic energy ties and will contribute to enhancing the energy security of the EU,
said Huibert Vigeveno, Group CEO of MET Group.
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 22 countries through subsidiaries, 33 national energy markets, and 44 international trading hubs. The company's 1,350 employees represent close to 60 nationalities. MET has extensive experience operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition. In 2025, MET Group traded 242 BCM of natural gas and 160 TWh of electricity.
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