Deliveries will be made to Greece’s LNG reception and regasification facilities
Deliveries will be made to Greece’s LNG reception and regasification facilities in Revithoussa, an islet west of Athens, and in Alexandroupoli, a strategic port city in northeastern Greece near the borders with Turkey and Bulgaria.
The agreement also foresees the use of the Vertical Gas Corridor, a regional initiative designed to facilitate natural gas flows from Greece northward into other European markets beyond Southeast Europe.
Major LNG Players in Europe
Shell is one of the world’s largest LNG producers and traders and currently the largest buyer of U.S. LNG. With its global portfolio, transport capabilities and long-standing market expertise, the company is positioned to support rising gas supply needs.
Metlen holds a dominant position in the natural gas market in Southeast Europe. With Shell’s support, the Greek company is expected to further strengthen its regional footprint, enhance market liquidity and contribute to Europe’s broader energy resilience.
Both Shell and Metlen are listed on the London Stock Exchange and are included in the FTSE 100 index.
Greece’s Energy Hub Ambitions
The MoU reflects the two companies’ intention to pursue joint development in several European countries, aligned with the Vertical Gas Corridor initiative.
Evangelos Mytilineos, executive chairman of Metlen, said
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