Energy

EU imports of petroleum oils fell sharply in the first nine months of 2025, while purchases of liquefied natural gas surged, reflecting a continued shift in the bloc’s energy mix, ...

Cyprus’ Commission for the Protection of Competition (CPC) has unanimously approved, subject to binding conditions, the acquisition of ExxonMobil Cyprus Limited by Petrolina (Holdings) Public Limited through Med Energywise Ltd, ...

Electricity tariffs remain a growing concern across Europe, with the European Commission now outlining seven targeted actions aimed at easing costs for households and businesses while strengthening the competitiveness of ...

Frederick University and Electi Consulting Ltd have successfully completed the technical implementation of the DYNAMO research project, a decentralised energy management platform designed to allow smart communities in Cyprus to ...

Eurostat reported that renewable energy accounted for 49.3 per cent of net electricity generated across the EU in the third quarter of 2025, a development that highlights wide disparities among member states ...

EAC Supply, in collaboration with the Cyprus Energy Agency, has announced a new “AHK+” Grant Scheme to support businesses, local authorities, and vulnerable households across Cyprus in their transition to ...

The presence of American multinational energy corporation Chevron in Cyprus’ maritime exclusive economic zone (EEZ) constitutes a “vote of confidence” in the energy potential of both Cyprus and Europe, President ...

The final cost and long-term viability of the Great Sea Interconnector (GSI) came under scrutiny on Friday during discussions at the House finance committee on the budget of the Cyprus ...

The electricity authority of Cyprus (EAC) is continuing its mass installation of smart meters across the island in December. In Nicosia, installations shall commence between Stavrou and Spyros Kyprianou avenue, ...

Cyprus and Lebanon on Wednesday signed an agreement on the delimitation of the Exclusive Economic Zone (EEZ) between the two countries and agreed to explore the idea of a Cyprus-Lebanon ...

Eurobank on Thursday released a statement detailing its participation at the 13th Energy Symposium, which took place in Nicosia this week. Eurobank was an official sponsor of the symposium, which, ...

Cyprus alone is responsible for the slow pace of progress in developing its renewable energy sector, President Nikos Christodoulides said on Wednesday, adding that this had left him deeply unsatisfied. ...

In 2024 the state-run power corporation spent €211 million on greenhouse gas emissions allowances – €45 million less than the previous year – while posting a net profit of €37 million, according to a presentation of ...

Energy Minister George Papanastasiou on Monday sounded cautiously optimistic on the prospects of the least-worst scenario materialising in relation to the stalled LNG project at Vasiliko. Speaking to news outlet ...

The government aims for Cyprus to have a “hydrogen production business ecosystem” by the end of 2027 to bolster the island’s energy production, Energy Minister George Papanastasiou said on Friday. ...

The Akel party on Thursday tabled a bill aiming to curb the granting of permits for commercial solar parks, in a stated bid to protect arable land as well as ...

Greek Prime Minister Kyriakos Mitsotakis on Wednesday said the finding of natural gas under the seabed off the coasts of both Greece and Cyprus “demonstrates the strategic importance of our ...

The governments of Cyprus and Greece on Wednesday agreed to “update the economic and technical parameters” of the Great Sea Interconnector project, which, if completed, will link the electricity grids ...

Discussions during Friday’s ‘3+1’ meeting of the energy ministers of Cyprus, Greece, Israel, and the United States “concerned the United States’ interest in zero supply of Russian gas to Europe”, ...

The energy sector is a “key pillar” of Cyprus’ foreign policy, President Nikos Christodoulides said on Saturday. He was speaking on the sidelines of a conference and made reference to ...

Chevron-Hellenic Energy Consortium’s selection: A geopolitical analysis for Greece and the Eastern Mediterranean In a very important development, the Chevron-Hellenic Energy consortium has been selected as the preferred investor ...

The government will soon have “specific announcements” to make relating to energy matters, President Nikos Christodoulides said on Thursday. He made the cryptic remarks on his way to a luncheon ...

Oil prices fell over 1 per cent on Tuesday as OPEC+’s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger ...

Turkish Cypriot leader Tufan Erhurman on Tuesday offered criticism for President Nikos Christodoulides, whom he accused of “ignoring” the Turkish Cypriots over plans to construct a pipeline to transport Israeli ...