Published by Global Banking & Finance Review®
Posted on February 25, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GoogleMET 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.
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.
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.
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.
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.
In 2024, the company entered into a 10-year LNG agreement with Shell to purchase U.S. LNG.
(Reporting by Marwa Rashad; Editing by Nina Chestney)
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.
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.
Deliveries are targeted for 2027–2033, with volumes routed to various European regasification terminals, leveraging infrastructure along the Vertical Gas Corridor.
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