PETRONAS Secures Five-Year LNG Supply Deal with METLEN

PETRONAS has signed a five-year liquefied natural gas (LNG) supply agreement with METLEN Energy & Metals, expanding its presence in the European gas market and supporting Greece's efforts to diversify its energy supplies.

Under the deal, PETRONAS' subsidiary PETCO Trading (UK) Ltd will supply six LNG cargoes annually from 2027, totaling approximately 0.6 billion cubic meters (bcm) of natural gas per year.

The agreement is expected to provide METLEN with greater flexibility and reliability in sourcing LNG while reducing its dependence on individual supply routes or sources.