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METLEN and PETRONAS Seal LNG Supply Agreement for Southeast Europe
On September 14, 2026, METLEN and PETRONAS, through PETCO Trading (UK) Limited, announced a significant LNG supply agreement aimed at strengthening energy security in Southeast Europe. Under this new Sale and Purchase Agreement, PETRONAS will supply 6 LNG cargoes annually to Greece from its Atlantic portfolio, totaling approximately 0.6 billion cubic meters per year over five years starting in 2027.
This strategic agreement aligns with METLEN's objective to diversify its LNG sources, ensuring greater procurement flexibility and security for Greece and the surrounding region. Simultaneously, it enhances Greece's status as a key energy hub in the area. METLEN remains committed to market liquidity and efficient energy supply, reinforcing its role in the European energy landscape.
The agreement also signifies PETRONAS' dedication to expanding its LNG ventures in Europe and the Mediterranean, leveraging its global portfolio to meet evolving energy needs. This collaboration opens new opportunities for these companies while promoting energy resilience in Southeast Europe.
R. E.
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