February 26, 2026 [Storage Terminals Magazine]- 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 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-focused energy model in Europe, structuring its sourcing and supply around the needs of end customers. That customer focus has driven MET to build 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 furthers MET’s strategy to diversify supply sources while reinforcing its strong and steadily expanding customer portfolio across more than 20 European countries.

Huibert Vigeveno, Group CEO of MET Group, emphasised the strategic significance of the agreement. “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,” he said.