MOL to buy Shell's 35% stake in Aphrodite gas field off Cyprus
- Location
- Budapest / Offshore Block 12 off Cyprus · 🇭🇺 Hungary / United Kingdom / Cyprus
- Sector
- Energy
- Organisations
- MOL Group ↔ BG Cyprus (Shell-Tochter mit 35 % am Offshore-Block 12, Aphrodite-Feld)
- Transaction
- Acquisition of a stake (100% of the company)
- Volume
- up to USD 720m
- Status
- announced
Hungary's MOL is acquiring from Shell the company BG Cyprus, which holds 35% of the non-operated Aphrodite gas field; the price is up to USD 720m including milestone-linked payments. The field holds about 104 bcm of gas; Chevron operates it (35%) and NewMed holds 30%. A final investment decision is planned for 2027 and first gas for 2031 via a 250 km pipeline to Egypt. Closing is expected in early 2027 and needs regulatory approvals (World Oil, 31 Jul 2026).
Source: worldoil.com ↗ · Archived copy ↗
Evidence: one source · archived copy saved · How well sourced is Eurotrack?
More from: 🇭🇺 Hungary · 🇬🇧 United Kingdom · 🇨🇾 Cyprus