MOL signs deal with Shell to buy BG Cyprus stake in Aphrodite gas field for up to USD 720 million
SHEL•Deal terms
MOL signed an agreement with Shell to buy BG Cyprus, gaining a 35% non-operated stake in Cyprus Offshore Block 12’s Aphrodite gas field.
Total consideration is up to USD 720 million, including milestone-based contingent payments.
Project details and timeline
Aphrodite holds an estimated 104 bcm of contingent gas resources.
The final investment decision is targeted for 2027, with first gas expected in 2031. The deal is expected to close in early 2027, pending regulatory approvals and other closing conditions.
