Headlines
Shell inks 10-year gas deal with Hungary's MVM CEEnergy
Published by Global Banking and Finance Review
Posted on September 9, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 9, 2025
1 min readLast updated: January 22, 2026
Shell inks a 10-year gas supply deal with Hungary's MVM CEEnergy, supplying 200 million cubic metres annually from 2026, enhancing its central European presence.
LONDON (Reuters) - Shell has signed a 10-year natural gas supply deal with Hungarian state-owned energy company MVM Group, the oil major said on Tuesday, in a move designed to strengthen its presence in central and eastern Europe.
Shell, the world’s biggest liquefied natural gas trader, will sell approximately 200 million cubic metres of natural gas a year to the Hungarian natural gas wholesaler MVM CEEnergy, beginning in January 2026, Shell said.
MVM Group receives a large amount of its gas from Russia, unlike energy providers in most European countries following Russia's invasion of Ukraine.
(Reporting by Stephanie Kelly and Shadia Nasralla; Editing by Kirsten Donovan)
Natural gas is a fossil fuel composed mainly of methane, used as an energy source for heating, electricity generation, and as a fuel for vehicles.
Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state for ease of storage and transport, reducing its volume significantly.
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