Offshore Engineer · July 31, 2026 (12h ago) · 1 min read

Shell Agrees $720M Sale of Cyprus Gas Unit to MOL Group

Shell has agreed to sell its wholly owned subsidiary BG Cyprus to MOL Group for up to $720 million, giving the Hungarian energy company a 35% stake in Cyprus' Aphrodite offshore gas field…

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Shell exits Cyprus Aphrodite gas field in $720m deal

Energy company Shell said on Friday it had ‌agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, as the British oil major sharpens its focus on LNG operations. BG Cyprus’ 35 per cent non-operated interest in a Cyprus Offshore block, home to the Aphro...

Cyprus Mail · July 31, 2026

MOL to acquire Shell’s Aphrodite gas field stake for up to $720m

Shell has agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, Reuters reported, as the British energy major sharpens its focus on LNG operations. BG Cyprus’ 35% non-operated interest in a Cyprus Offshore block, home to the Aphrodite gas field in the e...

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