Finance
MET Group and Shell sign MOU for US LNG supply to Europe
Published by Global Banking & Finance Review®
Posted on February 25, 2026
2 min readLast updated: February 25, 2026
Tags:European Union
Quick Summary
MET Group signed an MoU with Shell to source ~0.5 mtpa of U.S. LNG for Europe from 2027–2033. Deliveries will leverage the Vertical Gas Corridor and EU regas terminals to enhance supply security across European markets.
MET Group, Shell sign MoU to boost US LNG flows into European markets
Volumes and timeline
MoU Scope and Market Impact
LONDON, Feb 25 - Switzerland-based energy trader MET Group said on Wednesday it has signed a memorandum of understanding (MoU) with Shell for the potential purchase of around 0.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) between 2027 and 2033, sourced primarily from Shell’s U.S. LNG portfolio.
Vertical Gas Corridor and market access
The companies also intend to explore cooperation in LNG and gas trading to facilitate access to European markets through the so-called Vertical Gas Corridor, including sales into various European regasification facilities, MET said in a statement.
Demand outlook amid Russia ban
Many players in the market see strong future demand from buyers across the Vertical Gas Corridor - a route to transport gas from Greece through central Europe and Ukraine - as Europe prepares to ban Russian gas imports by late 2027, intensifying competition for long‑term LNG supply.
Asia deliveries: China
European regasification markets
MET Group’s LNG footprint
MET has delivered LNG into 17 different markets in Europe, with Germany, Belgium, the Netherlands, Spain, the UK, Italy and Croatia among its most active markets. In Asia, it has delivered LNG to China, India, Japan and South Korea.
Existing 2024 Shell–MET agreement
In 2024, the company entered into a 10-year LNG agreement with Shell to purchase U.S. LNG.
Reporting and editing credit
(Reporting by Marwa Rashad; Editing by Nina Chestney)
Key Takeaways
- •MET Group signed an MoU with Shell to potentially purchase about 0.5 mtpa of LNG from 2027 to 2033, primarily from Shell’s U.S. portfolio.
- •The cooperation includes exploring LNG and gas trading via the Vertical Gas Corridor and deliveries into multiple European regasification facilities.
- •The deal aims to strengthen European gas supply security amid ongoing diversification away from Russian gas.
- •MET has delivered LNG across 17 European markets and has also supplied China, India, Japan and South Korea in Asia.
- •MET previously entered a 10‑year U.S. LNG agreement with Shell in 2024, complementing today’s MoU.
Frequently Asked Questions about MET Group and Shell sign MOU for US LNG supply to Europe
1What is the main topic?
MET Group signed a memorandum of understanding with Shell to potentially buy around 0.5 mtpa of U.S.-sourced LNG for European delivery starting in 2027.
2What is the Vertical Gas Corridor?
It is a south‑to‑north gas route moving supply from Greece through central Europe and into Ukraine, improving access to European markets and security of supply.
3When will deliveries start and where will LNG land?
Deliveries are targeted for 2027–2033, with volumes routed to various European regasification terminals, leveraging infrastructure along the Vertical Gas Corridor.
