Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Metlen Energy & Metals PLC ( (GB:MTLN) ) has shared an update.
Shell and Metlen Energy & Metals have signed a memorandum of understanding to cooperate on liquefied natural gas supply and trading into Greece and wider European markets from 2027 to 2031. The agreement covers 0.5 to 1.0 billion cubic metres of LNG per year delivered to the Revithoussa and Alexandroupolis terminals, leveraging Shell’s global LNG portfolio and shipping capabilities.
By using the Vertical Gas Corridor to reach additional European destinations, the deal is designed to boost market liquidity, strengthen regional energy security and elevate Greece’s role as a strategic gas hub in Southeast Europe. The presence of senior Greek and U.S. officials at the signing in Washington underscores the political and strategic weight of the partnership, which supports Metlen’s ambition to consolidate its position as a key natural gas player alongside its broader energy and metallurgy activities.
More about Metlen Energy & Metals PLC
Metlen Energy & Metals is a London- and Athens-listed industrial and energy group active in metallurgy and power, with a focus on sustainable growth and the circular economy. It operates the EU’s only fully integrated bauxite, alumina and primary aluminium plant and delivers thermal and renewable power projects, grid infrastructure, storage and other green technologies across more than 40 countries.
The company employs over 9,000 people worldwide and reported 2024 revenue of €5.68 billion, EBITDA of €1.08 billion and net profit of €615 million, with a Net Debt/EBITDA ratio of 1.7x underlining balance sheet strength. Metlen is included in the FTSE 100 Index and holds multiple ESG distinctions, including a unique Greek presence in the Dow Jones Best-in-Class Emerging Market index and high ratings from major sustainability agencies.
Average Trading Volume: 225,796
Technical Sentiment Signal: Strong Sell
Current Market Cap: €5B
Find detailed analytics on MTLN stock on TipRanks’ Stock Analysis page.