The Swiss company MET Group has concluded a long-term agreement with the American company Shell to purchase liquefied gas as part of its efforts to secure its gas needs away from Russia.

The agreement extends over 10 years and aims to ensure the supply of gas to MET Group’s customers in Europe.

This step comes amid Europe’s efforts to wean itself off Russian gas, which covered no less than 40% of its needs before the outbreak of war in Ukraine.

Through this agreement, MET Group seeks to diversify its sources of liquefied gas and enhance its ability to meet the needs of its European customers.

The Swiss company has a suitable infrastructure to import liquefied gas from various parts of the world and also possesses large gasification capabilities in several European countries.

LNG plays an important role in achieving energy security, and the agreement with MIT Group will contribute to this, Shell’s Vice President for LNG Markets stressed.

This deal is part of broader European efforts to reduce dependence on Russian energy and enhance energy security on the continent.

These efforts also include increasing investments in renewable energy sources and improving energy efficiency.

MET Group is a fully integrated European energy company with extensive experience operating green and conventional energy assets.