Shell and MET Group they expanded their cooperation in the liquefied natural gas market through a new multi-year agreement to supply Europe with US LNG, the contract aims to increase supply flexibility and diversify the gas sources available to European customers. MET International, the trading and wholesale division of the Swiss energy company MET Group, will receive the fuel for several years from Shell’s US portfolio.
Shell and MET Group bolster US LNG supply
Under the announced conditions, Shell will supply LNG sourced from the United States through a purchase agreement (SPA), the contract expands MET’s access to US volumes and strengthens its sourcing strategy for the European market, the transaction comes at a time when energy companies are seeking to combine different supply sources to respond more flexibly to market conditions, for MET, having US-linked LNG expands its business options and its capacity to serve European customers.
Huibert Vigeveno, CEO of MET Group, explained that having reliable access to US LNG improves the company’s ability to offer flexibility and value in European energy markets, the company also believes that this strategy contributes to strengthening security of supply in Europe by incorporating new gas sources into its portfolio.
A cooperation backed by a ten-year contract
The new SPA expands a business relationship that Shell and MET Group have been developing over the past few years. In July 2024, the two companies signed a ten-year FOB GLN purchase agreement, which secured MET long-term access to US GLN and supported its diversification strategy.
Subsequently, in February 2026, Shell MET and MET deepened their cooperation through a memorandum of understanding signed in Washington D.C. The document opened new possibilities for the supply and marketing of LNG destined for the European market, the new multi-year agreement emerges as one of the results of that cooperation and expands the existing commercial framework between both companies.
US LNG gains importance in MET’s strategy
MET Group believes that access to the US market can play an increasingly important role in its gas procurement strategies. US-linked supplies allow for diversification of the benchmarks used to contract for gas, thereby reducing direct exposure to the volatility of certain European gas indices, among these alternatives are contracts linked to the Henry Hub, a widely used benchmark in the US natural gas market, MET offers pricing solutions linked to this index as part of its procurement options.
Tom Summers, Shell’s executive vice president of LNG Marketing and Commercialization, highlighted the importance that liquefied natural gas has acquired within the global energy system over the last decade and noted that the company seeks to expand its relationship with MET to meet the needs of its customers.
With the new contract, both companies extend a cooperation focused on the supply and marketing of LNG, while MET increases its access to US gas to serve the European energy market.
Source: Offshore Energy
Photo: Shutterstock
