MET Group signs long-term LNG purchase agreement with Shell

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MET Group signs long-term LNG purchase agreement with Shell
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Business Review

MET International, the trading and wholesale arm of MET Group, and Shell signed a new long-term LNG purchase agreement to deliver US-sourced LNG to MET over a multi-year period, reinforcing MET's access to flexible US supply and support for European customers. The transaction follows a July 2024 ten-year FOB purchase agreement and a February 2026 memorandum of understanding that explored deeper cooperation. MET highlights pricing options including contracts indexed to the US Henry Hub benchmark, and the company reported 2025 consolidated sales of EUR 28.6 billion, 241 BCM transacted gas and 160 TWh traded electricity.

MET secured multi-year US LNG supplies from Shell.

Context

European buyers want more diverse gas supplies. MET and Shell signed a 2024 FOB deal and a 2026 MOU that led to this SPA. They may pursue more supply and trading steps next.

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