Aphrodite Subsea Development
Subsea production system for the Aphrodite field — a floating production unit with four initial production wells tied back for export to Egypt, at an estimated cost of about $4 billion. Cyprus approved the development plan in February 2025 and FEED began in December 2025; FID is targeted for late 2026–2027 with first gas around 2030–31.
Project Partners
Connected Gas Fields
This infrastructure project is designed to process or transport gas from the following discoveries:
Development Status
Project Details
- Status
- Planning
- Type
- Processing Facility
- Capacity
- ~800 MMcf/day
- Target Date
- 2030-31 (first gas)
- Location
- Block 12 (Offshore)
- Linked Fields
- 1
Aphrodite News
Shell to sell BG Cyprus and Aphrodite gas stake to MOL Group
Shell has agreed to sell its wholly-owned subsidiary BG Cyprus and its Aphrodite gas field stake to MOL Group for up to $720m.
MOL buys Shell stake in Cyprus gas field for $720m
Hungary’s MOL has signed an agreement to acquire BG Cyprus, a 100% subsidiary of supermajor Shell, which holds a 35% non-operated interest in the Aphrodite gas field in the eastern Mediterranean. This acquisition is the biggest E&P growth opportunity for the company since acquiring a 9.57% stake ...
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...
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…
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...