Metlen and Petronas signs five-year SPA for LNG supply to Greece

The Greek energy specialist Metlen and Malaysian headquartered Petronas, through its subsidiary PETCO Trading (UK) Limited (PTUK), announce that it has entered into a Sale and Purchase Agreement (SPA) for a long-term supply of Liquefied Natural Gas (LNG) to Greece.

Under the SPA signed, PTUK will deliver 6 LNG cargoes per year from Petronas’ Atlantic portfolio, amounting to approximately 0.6 billion cubic meters per annum (bcma) over a period of five years commencing in 2027.

The agreement strengthens Metlen’s Energy Sector Utility strategy to diversify its LNG supply sources, enhancing flexibility and resilience in procurement, while contributing to security of supply in Greece and the wider Southeast European region, and at the same time it reinforces Greece’s position as a strategic regional energy hub.

For Petronas, the SPA reflects its commitment to deliver LNG supply by leveraging its global LNG portfolio and solution-focused capabilities. Through PTUK, Petronas continues to expand its LNG presence across the West of Suez markets, particularly in Europe and the Mediterranean region, while strengthening customer relationships in key growth markets.

“This agreement with Petronas represents an important step in strengthening Metlen’s strategy to diversify its LNG sourcing. By expanding our international synergies, as with this leading global LNG player, we further enhance flexibility and reliability of supply, supporting both our customers and the broader regional market, as well as Greece’s energy hub credentials,” says Panayotis Kanellopoulos, Metlen’s Chief Executive Director International Energy Supply & Trading.

“This agreement with METLEN underscores PETRONAS’ commitment to delivering reliable and flexible LNG solutions that support our customers’ evolving energy needs. As markets continue to navigate energy security, affordability and transition priorities, PETRONAS remains focused on creating value through our global LNG portfolio, trading capabilities and trusted partnerships. We are pleased to support METLEN’s supply diversification strategy and contribute to strengthening energy resilience in Greece and the wider Southeast European region,” says Datuk Adif Zulkifli, Petronas Executive Vice President and Chief Executive Officer of Gas & Maritime Business.