EastMed Pipeline
A proposed 1,900 km subsea pipeline from Eastern Mediterranean gas fields to Greece via Crete and onward to Italy. As of 2026 the project is effectively dormant — no final investment decision has been taken and it remains stalled by prohibitive cost and financing challenges, though it has not been formally cancelled. Cyprus's export strategy has shifted toward routing gas to Egypt for liquefaction.
Project Partners
Connected Gas Fields
This infrastructure project is designed to process or transport gas from the following discoveries:
Development Status
Project Details
- Status
- Proposed
- Type
- Pipeline
- Capacity
- 10-20 Bcm/year
- Length
- 1,900 km
- Est. Cost
- $6B
- Target Date
- Dormant (no FID)
- Linked Fields
- 3
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...