Mercuria and Motor Oil Hellas Sign MOU for LNG Supply Cooperation via Dioriga Gas FSRU

## Mercuria and Motor Oil Hellas Forge LNG Supply Partnership at Dioriga Gas FSRU Global commodity trader Mercuria Energy and Greek energy group Motor Oil Hellas (MOH) have signed a Memorandum of Understanding (MOU) to cooperate on liquefied natural gas (LNG) supply through the Dioriga Gas floating storage and regasification unit (FSRU), the companies announced in Athens on 25 May 2026. The agreement establishes a framework for long-term collaboration centred on the Dioriga Gas FSRU, a key piece of LNG import infrastructure serving the Greek market. According to the announcement via PR Newswire, the MOU signals both parties' intent to formalise supply arrangements that leverage the FSRU's regasification capacity. ### Strategic Significance The partnership brings together two significant players in the European energy landscape. Mercuria is one of the world's largest independent energy and commodity trading houses, with a broad LNG trading portfolio spanning global supply chains. Motor Oil Hellas, one of Greece's leading integrated energy companies, operates the Corinth Refinery and has been actively expanding its presence in the natural gas sector through its Dioriga Gas subsidiary. The Dioriga Gas FSRU represents an important component of Greece's LNG import infrastructure, providing flexibility in gas supply at a time when European nations continue to diversify away from pipeline-dependent energy sources. FSRUs have become increasingly strategic assets across Southern and Eastern Europe as the region works to strengthen energy security. ### Broader Market Context The MOU reflects continued momentum in European LNG infrastructure investment and commercial deal-making. Greece has positioned itself as a regional LNG hub, with facilities such as the Revithoussa terminal and floating units like Dioriga Gas playing a growing role in supplying both domestic demand and neighbouring markets. For Mercuria, the agreement extends its footprint in the Eastern Mediterranean LNG market, a region of growing strategic importance for global LNG traders seeking to place volumes from Atlantic Basin and Middle Eastern suppliers. While the MOU outlines a cooperative framework rather than binding contractual obligations, such agreements typically precede more detailed commercial arrangements and signal serious intent from both parties to develop a structured, long-term supply relationship. Further details regarding volumes, duration, and specific commercial terms are expected to be disclosed as negotiations progress toward a definitive agreement.