GREECE —METLEN has entered into a five-year Sale and Purchase Agreement with PETCO Trading UK Limited, a subsidiary of PETRONAS, for the supply of liquefied natural gas to Greece. Deliveries are scheduled to begin in 2027, with PTUK supplying six LNG cargoes each year from PETRONAS’ Atlantic portfolio.
The contracted volumes are equivalent to approximately 0.6 billion cubic metres of natural gas annually over the five-year term. For METLEN, the agreement adds another international source to its LNG procurement portfolio, reducing reliance on a narrower group of supply channels and providing greater flexibility in managing gas requirements.
The arrangement has implications beyond METLEN’s own procurement strategy because Greece is increasingly positioned as an entry point for natural gas into Southeast European markets. Additional LNG volumes can strengthen the availability of imported gas and support market liquidity, particularly as regional buyers seek diversified sources amid changing European energy supply patterns.
The agreement also expands PETRONAS’ commercial LNG activity in West of Suez markets. Through PTUK, the Malaysian energy group is increasing its exposure to European and Mediterranean customers, using its international LNG portfolio to establish longer-term supply relationships in the region.
For energy companies, gas traders and downstream consumers, the five-year arrangement provides greater visibility over a portion of Greece’s future LNG supply. It may also support more flexible procurement strategies for utilities and industrial gas users while reinforcing the role of Greek LNG infrastructure in regional energy flows.
METLEN is a Greece-based industrial and energy group with activities spanning electricity generation, energy supply and international energy trading. PETRONAS is Malaysia’s state-owned integrated energy company, with operations across the oil and gas value chain and a global LNG business.
