An energy reset is happening around the world
The global climate summit COP30 that took place in Brazil in November fell short of expectations. It is not that the world is not concerned about climate change or that ...
Articles
Recent energy developments and their significance
With 2025 coming to a close, announcements for new energy developments and projects in Cyprus and the East Med have been coming in thick and fast, with something new announced every ...
Reshaping European energy
Europe is striving to progress its Green Deal, but it is facing significant headwinds. Lacklustre economic growth, high energy prices, excessive regulation and declining industrial competitiveness have thrown its energy ...
COP30 finally delivered a deal
After the drama of the last few days of the summit, COP30 finally delivered a deal on Saturday ‑ the Global Mutirão (meaning “collective effort”) ‑ despite major disagreements and divisions. ...
COP30 heads into a final showdown
A fire late on Thursday near the East Africa pavilion at COP30 in Belem, Brazil forced mass evacuations from the climate summit, just as negotiations were reaching their end. A ‘...
COP30: too many issues to tackle and little consensus
Progress at the climate summit COP30, taking place at Belem in Brazil and being attended by more than 190 countries, has been slow and patchy.
Agreements on most of the contentious ...
COP30 passes mid-point
COP30 reached mid-point during the weekend, but despite the positive spin by the hosts Brazil, real progress made so far is limited. Even though more progress is likely this week, ...
Greece at the centre of American plans for the region
The US has developed a comprehensive energy policy that includes southeast Europe and the Mediterranean. This was the subject at the two-day high level meeting of the Partnership for Transatlantic ...
COP30 makes a subdued start
COP30 has started at Belem in Brazil, but with low expectations. Not only under President Trump the US has pulled out of the Paris Agreement – starting January – but his administration ...
Greece’s new energy deal with Chevron shifts Eastern Med power balance
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 ...
Reshaping European energy in an age of uncertainty
Cyprus will be assuming the Presidency of the Council of the EU during the first half of 2026. In order to enable discussion of the aims and priorities of the incoming ...
The Great Sea Interconnector saga continues
We have been asking the president to take a clear position on GSI. He took it. He confirmed the government’s full support at his meeting with Greece’s prime ...
Chevron priorities and implications for Aphrodite
In recent interviews Mike Wirth, Chevron’s CEO, detailed the company’s priorities and plans for the foreseeable future. He said “so long as the world is using oil and ...
High hopes, harsh reality: Why CEM is unlikely to deliver cheaper power in Cyprus
The single aim of the competitive electricity market (CEM) must be to bring about substantial reductions in Cyprus’ very high electricity prices. Anything else is of secondary importance and certainly ...
Two key energy projects going nowhere
It has been a tumultuous week for energy in Cyprus. Its two biggest projects, the import of LNG at Vasilikos and the GSI electrical interconnector, were in the limelight mostly ...
How American energy interests play in our neighbourhood
American oil companies became involved in the Middle East right from the start of the oil industry in the region. A Standard Oil subsidiary, that later became Chevron, gained concessions ...
Planning for climate change: caught unprepared
Wildfires, droughts, increased electricity demand, impacts on agriculture and tourism: with climate change they have not only become permanent but are intensifying. And making it even more challenging, the Mediterranean ...
GSI: lack of clarity and current confusion are untenable
The Great Sea Interconnector (GSI) as a key strategic project was the clear and unequivocal view expressed by the European commissioner for energy, Dan Jorgensen, during his visit to Athens ...
Pegasus delivers
Pegasus lived up to his name and delivered for ExxonMobil. It “gushed forth” gas from the depths of block 10. Pegasus’s name comes from the Greek word “pêgê,” meaning “...
Energy transition amid geopolitical uncertainty
As Europe advances on a sustainable energy future, the challenge of building clean, reliable and affordable energy systems is both urgent and complex
Success in building a sustainable energy future ...
What Malta’s electricity model would mean for Cyprus
On a purchasing power basis Malta had the lowest electricity price in Europe in 2024, in contrast to Cyprus that had the second highest price. Both are small island states within ...
Launch of Cyprus’ competitive electricity market
It is now official. The commercial operation of Cyprus’ Competitive Electricity Market commences on September 15, with the first trading day on October 1.
It took an inordinate length of time to ...
Unlocking East Med renewable energy potential
This is focused on Cyprus, Egypt and Israel. All three countries have abundant renewable energy potential, especially solar. But so far success in harnessing it is mixed. Cyprus produced 24 per ...
Cyprus faces water emergency as EU calls for investment and reform
In a report entitled “Europe’s waters: key challenges and EU solutions”, published on May 7, the European Parliament (EP) draws attention to the key issues concerning Europe’s scarcity, pollution ...