Shell Exits Cyprus Aphrodite Gas Field in $720M Deal
Shell has agreed to sell its stake in the Cypriot Aphrodite gas field to MOL Group for up to $720 million, as part of its strategy to focus more on liquefied natural gas (LNG) activities. The sale, expected to complete in 2027, will see MOL replace Shell as a partner in the consortium managing the field, which is estimated to hold significant recoverable reserves.4 sourcesSee all sources