Aphrodite-to-Egypt Pipeline
A new subsea pipeline to carry Aphrodite (Block 12) gas to Port Said in Egypt, feeding Egypt's domestic grid and LNG plants with potential re-export to Europe. In April 2026 Egypt (EGAS) initialed a 15-year term sheet for 100% of Aphrodite's output; the Cyprus cabinet approved the basic gas-sales terms in May 2026, with final agreements pending. Press reports put the pipeline cost at roughly $2 billion with capacity up to 700 MMcf/d. FID is targeted for late 2026–2027, construction from 2027 and first gas to Port Said around 2030–31.
Project Partners
Connected Gas Fields
This infrastructure project is designed to process or transport gas from the following discoveries:
Development Status
Related Infrastructure
Project Details
- Status
- Planning
- Type
- Pipeline
- Capacity
- up to 700 MMcf/day
- Length
- 300 km
- Est. Cost
- $2B
- Target Date
- 2030-31 (first gas)
- 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...