MET Group and Shell Sign New Agreement for US LNG Supply
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Under the new agreement, the oil company will supply MET with LNG from its US portfolio for a period of several years, which will further strengthen the Switzerland-based group's access to a flexible supply of US LNG. MET highlighted that this agreement "further supports its ambition to supply its European customers with LNG from the United States, thereby strengthening supply security and portfolio diversification." Specifically, this operation represents the latest step in the growing strategic relationship between both companies, after they signed a 10-year FOB ('free-on-board') LNG purchase agreement in July 2024, which guaranteed long-term access to US LNG and strengthened the company's supply diversification strategy. In February 2026, the companies further deepened their cooperation through a memorandum of understanding signed in Washington DC to explore new LNG supply and marketing opportunities aimed at improving Europe's energy security, one of the results of which is the present sales and purchase agreement (SPA) that the parties have signed. The CEO of MET Group, Huibert Vigeveno, assured that customers are at the center of all the company's activity and emphasized that reliable access to US LNG "strengthens the ability to offer greater flexibility and value in European energy markets." "This customer-centric approach is what makes MET a pan-European benchmark in...
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