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

Reuters2026/07/31 06:17

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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 up to USD 720 million, including milestone-based contingent payments.
Aphrodite holds an estimated 104 bcm of contingent gas resources.
Final investment decision targeted for 2027; first gas expected in 2031.
Deal expected to close in early 2027, pending regulatory approvals and other closing conditions.

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

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