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

Reuters2026/07/31 06:04

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Shell agreed to sell BG Cyprus to MOL Group for up to USD 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shell plc published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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

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