Shell has signed a long-term offtake agreement with Green Sky Manara for sustainable aviation fuel and other low-carbon fuels from a planned facility at Port Nador, Morocco. Shell is the buyer of future volumes, which signals expected demand for SAF as aviation faces tightening emissions rules. The deal is early stage, with feedstock and production tech still to be confirmed. Separately, Shell agreed to deliver six LNG cargoes per year to Greece's METLEN under a five year contract starting in 2027, mostly from its US portfolio. That gives European buyers more supply options as they reduce reliance on Russian pipeline gas, though the volume is modest at around 0.6 billion cubic metres annually. Morgan Stanley and TD Cowen raised their price targets on Shell, following an earlier increase from RBC. Shell also continued buybacks under a $5 billion programme. The recent share price drop is tied to weaker oil prices, not company specific news.
