METLEN and Malaysian multinational oil and gas company PETRONAS have signed a Sale and Purchase Agreement (SPA) for the long-term supply of liquefied natural gas (LNG) to Greece.
Under the SPA, PTUK will supply six LNG cargoes annually from PETRONAS’ Atlantic portfolio, equivalent to around 0.6 billion cubic metres per annum (bcma), over a five-year period starting in 2027.
The agreement strengthens METLEN’s Energy Utility division strategy to diversify LNG supply sources, enhancing supply flexibility and resilience while contributing to security of supply in Greece and the wider Southeast European region. It also reinforces Greece’s position as a strategic energy hub in the region.
Through its integrated energy activities and established presence across the natural gas value chain, METLEN continues to support market liquidity and the efficient supply of energy, strengthening its role in Europe’s evolving energy landscape.
For PETRONAS, the agreement reflects its commitment to LNG supply, leveraging its global portfolio and customer-focused capabilities. Through PTUK, PETRONAS continues to expand its presence in LNG markets west of the Suez Canal, with a particular focus on Europe and the Mediterranean, while strengthening customer relationships in key growth markets.
The strategic agreement between PETRONAS and METLEN marks an important step towards further strengthening the relationship between the two companies and lays the foundations for new opportunities for cooperation.
Panagiotis Kanellopoulos, Chief Executive Director, International Energy Supply & Trading at METLEN, said: “The agreement with PETRONAS marks an important step in strengthening METLEN’s strategy to diversify its LNG supply sources. By expanding our international partnerships with a leading global LNG player, we are further enhancing supply flexibility and reliability, supporting both our customers and the wider regional market, as well as Greece’s role as an energy hub.”