MET International AG, the trading and wholesale arm of Swiss-based integrated energy company MET Group, and Shell Global LNG Limited have signed a non-binding Memorandum of Understanding (MOU) to expand their existing long-term cooperation in LNG and gas trading.
The MOU provides a framework to explore the potential sale by Shell and purchase by MET of approximately 0.5 million tonnes per annum (mtpa) of LNG between 2027 and 2033, sourced primarily from Shell’s US LNG portfolio, for delivery to various European regasification facilities. The companies also intend to explore cooperation in LNG and gas trading to facilitate access to European markets through the Vertical Gas Corridor, including sales into various European regasification facilities. The cooperation with Shell aims to enhance the security of gas supply in Europe.
MET operates a uniquely customer-back energy model in Europe, structuring its sourcing and supply around the needs of end customers. That customer focus is exactly why MET has built one of the most geographically diverse LNG import portfolios in Europe. In 2025, MET delivered LNG into 17 different markets in Europe and beyond.
The agreement further advances MET’s strategy to diversify supply sources while reinforcing its strong and steadily expanding customer portfolio across more than 20 European countries.
“MET is proud to support the strategic cooperation between the United States and the European Union in the field of LNG supplies. This MOU represents another important step in strengthening transatlantic energy ties and will contribute to enhancing the energy security of the EU,” said Huibert Vigeveno, Group CEO of MET Group.
MET Group
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 22 countries through subsidiaries, 33 national energy markets, and 44 international trading hubs. The company's 1,350 employees represent close to 60 nationalities. MET has extensive experience operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition. In 2025, MET Group traded 242 BCM of natural gas and 160 TWh of electricity.