Greek energy firm Metlen has secured a long-term liquefied natural gas (LNG) supply agreement with Shell, a move aimed at reducing dependence on Russian piped gas ahead of an upcoming EU ban. The binding deal comes as Athens and Central and Eastern Europe prepare for the 2027 prohibition on Russian pipeline gas imports, highlighting the region's shift toward alternative energy sources.
The agreement with Shell underscores Metlen's strategy to replace Russian gas with LNG, ensuring a stable supply for the region. This development is critical as the EU seeks to diversify its energy portfolio and mitigate potential shortages following the ban.
While the specific terms of the deal were not disclosed, the partnership with Shell, one of the world's largest LNG suppliers, positions Metlen as a key player in the region's energy transition. The agreement is expected to support Greece and neighboring countries in meeting their energy needs without relying on Russian gas.