MET Group has signed a contract for the purchase of the first LNG vessel | Business

The efficient, modern LNG vessel will be built by China Merchants Heavy Industry (Jiangsu) and will strengthen MET Group’s growing LNG supply. MET’s joint venture partner Celsius is a leading ship owner and operator focused on sustainable, infrastructure-type investments and special projects in the shipping industry.

The acquisition of the vessel is part of MET Group’s strategy to strengthen its ability to supply liquefied natural gas to its customers from a variety of sources, including the recently signed contract with Shell to purchase US LNG over a 10-year period.

MET Group has one of the most geographically diverse LNG import structures in Europe, with long-term regasification capacity reservations in Germany, Croatia and Spain. in 2023 the company delivered more than 30 LNG cargoes to Europe. MET Group CEO Benjamin Lakatos emphasized the importance of LNG in Europe’s energy transition.

Celsius, a leading ship owner and operator, will provide modern, efficient vessels to support MET Group’s LNG strategy. Jeppe Jensen, CEO of Celsius, emphasized the importance of efficient LNG ships during the energy transition.