What is the significance of the Revithoussa and Alexandroupolis terminals for Greece?

The Revithoussa LNG terminal is Greece's sole operational LNG import facility, providing crucial gas supply flexibility. The Alexandroupolis FSRU (Floating Storage and Regasification Unit) is a new strategic project designed to significantly boost Greece's import capacity and serve as a gateway for gas supply to the wider Balkan region, reducing reliance on single-source pipelines.

How does this agreement benefit Greece's energy strategy?

This agreement directly supports Greece's energy strategy by diversifying its gas supply sources, enhancing energy security, and strengthening its position as a regional energy hub. By securing LNG from a global major like Shell, Greece reduces its vulnerability to geopolitical disruptions and ensures a more stable and competitive energy market for its consumers and industries.

What is Metlen Energy & Metals' role in the Greek energy market?

Metlen Energy & Metals is a prominent Greek industrial and energy group with diverse interests, including power generation, natural gas supply, and infrastructure development. This MoU with Shell reinforces Metlen's role as a key player in ensuring Greece's energy supply, particularly in the natural gas sector, by securing access to international LNG markets.

LNG Prime · February 25, 2026 (Feb 25) · 1 min read

Metlen, Shell ink LNG pact

Shell plc

Isometric technical illustration of offshore oil and gas operations with drillship and support vessel — Illustration: Shell plc

Analysis

AI-assisted analysis · reviewed by Yuri Kan

Greek energy major Metlen has formalized a Memorandum of Understanding with global LNG powerhouse Shell, securing future liquefied natural gas deliveries to key import facilities in Greece. This strategic pact underscores Greece's ongoing efforts to bolster its energy security and diversify its gas supply sources, leveraging its expanding LNG infrastructure to become a pivotal energy gateway in Southeast Europe. The agreement signifies a deepening of commercial ties and a commitment to stable energy supply in a volatile regional market.

Key Facts

Greek energy company Metlen Energy & Metals has signed a Memorandum of Understanding (MoU).
The agreement is with UK-based global LNG leader Shell.
The primary objective of the MoU is the future delivery of liquefied natural gas (LNG).
LNG will be supplied to Greece's existing and developing import infrastructure.
Specifically, the Revithoussa LNG terminal is a designated recipient.
The new Alexandroupolis FSRU project is also a designated recipient for the LNG deliveries.

Background & Context

Greece has been aggressively pursuing energy independence and diversification, particularly following geopolitical shifts impacting traditional pipeline gas supplies. The country has invested significantly in expanding its LNG import capabilities, with the Revithoussa terminal undergoing upgrades and the Alexandroupolis FSRU project nearing completion. These initiatives are central to Greece's ambition to transform into a regional energy hub, providing gas security not only for its domestic needs but also for neighboring Balkan and Southeast European countries.

Market Impact

This MoU is a significant step in solidifying Greece's position as a reliable LNG importer and a regional energy transit hub. For Metlen, it secures a crucial supply source from a major global player, enhancing its operational stability and market competitiveness. For Shell, it expands its footprint in a strategically important and growing European market. The agreement will contribute to greater energy security for Greece and potentially for the wider region, offering diversified supply routes and potentially stabilizing gas prices by increasing market liquidity.

What to Watch

The next phase will involve the conversion of this MoU into definitive, long-term supply agreements, detailing volumes, pricing mechanisms, and delivery schedules. We anticipate close monitoring of the Alexandroupolis FSRU's commissioning timeline, as its full operational status will be critical for realizing the agreement's potential. Further expansion of Greek LNG infrastructure or additional supply deals could follow, reinforcing the country's energy strategy.

Why This Matters for Cyprus

Greece's strengthening LNG infrastructure and its role as a regional energy hub directly impacts the broader Eastern Mediterranean energy landscape. This development could influence future gas export strategies for countries like Cyprus, offering alternative supply routes or creating competition for regional energy markets. It underscores the region's evolving energy matrix, where LNG imports are becoming increasingly vital alongside indigenous gas discoveries, impacting overall energy security and market dynamics.

Frequently Asked Questions

What is the significance of the Revithoussa and Alexandroupolis terminals for Greece?: The Revithoussa LNG terminal is Greece's sole operational LNG import facility, providing crucial gas supply flexibility. The Alexandroupolis FSRU (Floating Storage and Regasification Unit) is a new strategic project designed to significantly boost Greece's import capacity and serve as a gateway for gas supply to the wider Balkan region, reducing reliance on single-source pipelines.
How does this agreement benefit Greece's energy strategy?: This agreement directly supports Greece's energy strategy by diversifying its gas supply sources, enhancing energy security, and strengthening its position as a regional energy hub. By securing LNG from a global major like Shell, Greece reduces its vulnerability to geopolitical disruptions and ensures a more stable and competitive energy market for its consumers and industries.
What is Metlen Energy & Metals' role in the Greek energy market?: Metlen Energy & Metals is a prominent Greek industrial and energy group with diverse interests, including power generation, natural gas supply, and infrastructure development. This MoU with Shell reinforces Metlen's role as a key player in ensuring Greece's energy supply, particularly in the natural gas sector, by securing access to international LNG markets.

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