Egypt to buy all Aphrodite gas output from Cyprus
Egypt has formally committed to purchasing the entire gas output from Cyprus's Aphrodite offshore field once it commences production. This significant development, confirmed by project stakeholder Newmed Energy, provides a crucial commercial pathway for the long-stalled Cypriot gas discovery, solidifying its export destination.
Cyprus Mail · April 9, 2026
Shell to sell BG Cyprus and Aphrodite gas stake to MOL Group
Shell is divesting its stake in the Aphrodite gas field and its Cypriot subsidiary to MOL Group, a move that sees a major international oil company reduce its East Med footprint while a Central European player significantly expands its regional presence. This transaction reshapes the consortium structure of a key Cypriot gas asset, introducing a new strategic partner with potentially different development priorities.
Offshore Technology · August 3, 2026