METLEN Energy & Metals Plc has entered into a Sale and Purchase Agreement with PETCO Trading (UK) Limited, a subsidiary of PETRONAS, to secure a long-term supply of liquefied natural gas into Greece.

Under the agreed terms, PETCO Trading will deliver six LNG cargoes annually from PETRONAS’ Atlantic portfolio. The shipments amount to approximately 0.6 billion cubic meters per annum over a five-year period, with deliveries scheduled to begin in 2027.

The arrangement changes METLEN’s procurement channels by diversifying its gas supply sources, providing added flexibility and resilience for the company’s energy utility operations. The agreement also contributes to security of supply within Greece and the wider Southeast European region, reinforcing the country's position as a strategic regional energy hub through integrated energy activities across the gas value chain.

“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.”

— Panayotis Kanellopoulos, Chief Executive Director International Energy Supply & Trading

For PETRONAS, the supply partnership expands its LNG presence across West of Suez markets, particularly in Europe and the Mediterranean region, while delivering flexible solutions to support customer transition priorities and energy security.

The energy supply contract sits alongside broader industrial initiatives by METLEN, including a €300 million investment approved in May 2026 by the Hellenic Republic’s Interministerial Committee for Strategic Investments. That initiative funds gallium production capacity development alongside local bauxite mine and alumina refinery expansions at the company's core domestic operations, supporting critical raw material supply chains.

Read the full announcement: METLEN and PETRONAS enter into LNG Supply Agreement to strengthen energy security and diversification in Southeast Europe