Shell agrees to sell BG Cyprus to MOL Group for up to $720 million

SHEL•2026-07-31

Shell to sell BG Cyprus stake to MOL Group

Shell agreed to sell BG Cyprus to MOL Group for up to $720 million, subject to adjustments and milestone-linked contingent payments.

BG Cyprus holds a 35% non-operated stake in Cyprus Offshore Block 12, which includes the Aphrodite gas field. Completion is expected in early 2027, subject to regulatory approval and closing conditions.

MOL will assume Shell’s rights and obligations tied to the Aphrodite interest once the deal closes.

Sources

Shell agrees to sell BG Cyprus to MOL Group for up to $720 million

Publicnow

Shell agrees to sell BG Cyprus to MOL Group for up to $720 million

Shell to sell BG Cyprus stake to MOL Group

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MOL signs deal with Shell to buy BG Cyprus stake in Aphrodite gas field for up to USD 720 million

Sources

Shell agrees to sell BG Cyprus to MOL Group for up to $720 million

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