Dr Charles Ellinas

KODAP released its 2022 budget in early February. Out of €119million, over €34 million is allocated to the construction of a strategic oil reserve storage at Vasiliko, with another €23million budgeted to ...

In the aftermath of this crisis Europe will be even more determined to accelerate transition to renewables and clean energy The unthinkable, and probably illogical, happened. Russia has finally invaded ...

This project has been continuously in the limelight during the last few weeks, but, worryingly, for the wrong reasons. Following many questions about the lack of progress, significant schedule slippage ...

The island does reasonably well against its own clean targets because so far it has been setting the bar very low By Charles Ellinas Cyprus’ distorted renewables market was led ...

The current project has a long, and likely tortuous, way to go This is further to my article in the Cyprus Mail last Sunday. Since then, the debate over the ...

Following a highly controversial tendering process, the island’s €290million LNG project was handed in December 2019 to a consortium led by China Petroleum Pipeline Engineering Company (CPPE), a pipeline construction ...

We are all aware of the US State Department statement on 10 January finally abandoning the East-Med gas pipeline. Predictably, that attracted most of the attention, but a key part of ...

The world has moved on and it’s time we did too The news last Monday that the US State Department finally abandoned the EastMed gas pipeline should not have ...

As the world shifts irrevocably and inexorably towards clean energy and net-zero emissions, the oil and gas industry is finding itself under siege on multiple fronts By Dr Charles Ellinas ...

ExxonMobil considers the East Med a promising hydrocarbon basin By Charles Ellinas With Covid-19 resurging, Cyprus’ EEZ is back in the limelight. ExxonMobil is about to start drilling in block 10, ...

Calls for more drastic action intensifying Energy transition is unstoppable, particularly in Europe. Despite the current energy crisis, calls for faster energy transition during COP26 and subsequently, including calls for ...

After COP26, this year set to mark first time in history that renewable power will be the largest area of energy investment By Charles Ellinas The COP26 climate summit in ...

COP26 is providing the opportunity to redefine how we get to net zero without drama At a meeting last week at the European Commission’s (EC) EAAS I was asked ...

Electricity prices in Cyprus are at an all-time high impacting industry and business. Cyprus Employers and Industries Federation (OEB) has been grappling with the challenges these pose. George Petrou, former ...

More concern about next elections than worrying about next 30 years By Charles Ellinas There is a huge gap between what we need to do about climate change in the region ...

Europe is at fault for not addressing low gas storage levels early-on The energy crisis rumbles-on with no easy answers emerging to bring it under control. Europe’s leaders met ...

Europe has been left exposed to the vagaries of extreme weather Europe is going through a natural gas crisis, partly self-inflicted. The spectacular increase in gas, but also electricity, prices ...

Are we finally going to make it big? Sadly no With ExxonMobil planning to drill an appraisal well before the end of the year and following political agreements in Egypt ...

Cyprus must progress from lip-service to serious action if Cypriot consumers are ever to see serious reductions in their inexcusably high energy costs. Household electricity prices shot-up by 38 per cent ...

Capital markets and the insurance sector are becoming increasingly reluctant to fund and insure fossil fuels The oil and gas sector is undergoing permanent change brought about by a number ...

The Mediterranean will be particularly affected with higher summer temperatures, drought and fires says IPCC report The UN’s Intergovernmental Panel on Climate Change (IPCC) issued a landmark report on ...

We can rediscover our common interests only after a reality check In the East Med we have been side-tracked by the fallacious promise or expectation of riches to come out ...

There are millions of euros ready to deploy from the Cyprus Recovery and Resilience Plan (RRP) to modernise the energy sector. But parliament may not be ready to make the ...

Implementing these policies and policing their application will be a logistical nightmare for the EU The European Commission (EC) announced on Wednesday its ‘Fit-for-55’ package, with 13 new policies designed to ...