Swiss company to source US LNG from Shell to European customers

Switzerland-headquartered energy company MET Group has signed a long-term agreement with energy giant Shell for the supply of liquefied natural gas (LNG) sourced from the U.S. to its European customers.

MET Group reported it had entered into a ten-year free-on-board (FOB) LNG purchase agreement with Shell with the primary objective of supplying its European customers with U.S. LNG.

Tom Summers, Senior Vice President of Shell LNG Marketing and Trading, said: “LNG has a crucial role to play in delivering energy…