London-listed industrial and energy firm Metlen Energy & Metals announced on September 14 that it has entered into a long-term liquefied natural gas import and supply agreement with Malaysia's state-owned energy giant Petronas.

Under the terms of the deal, Petronas' UK-based subsidiary Petco Trading will deliver six LNG cargoes annually to Greece starting in 2027, totaling approximately 600 million cubic meters per year over a five-year term.

Metlen noted that this partnership opens up an alternative and stable long-term natural gas source, which is set to bolster Greece's supply security and support the company's own internal energy requirements.

Additionally, the agreement is positioned to address broader European gas demand amid ongoing regional energy market volatility, marking a significant step for diversifying supply routes during a period of heightened geopolitical and energy-related uncertainty in the area.

The deal underscores Metlen's strategic push to reinforce its energy portfolio while contributing to the stability of the European natural gas landscape.