MET International, the trading and wholesale arm of Switzerland-headquartered 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 agreement provides a framework for MET’s potential purchase of LNG, sourced primarily from Shell’s U.S. LNG portfolio, for delivery to various European regasification facilities.
“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.