Energy

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 ...

OPEC+ has agreed a small oil output increase for December and a pause in increases in the first quarter of next year as the producers’ group moderates plans to regain ...

Tempers flared among members of parliament over the matter of the Great Sea Interconnector on Friday as the House finance committee discussed the energy ministry’s budget. The flashpoint came ...

Solar energy plays a central role in the global transition to sustainable power sources. With installations increasing in both residential and commercial sectors, the performance of photovoltaic (PV) systems is ...

The electricity market is experiencing its most significant transformation in decades, according to Andreas Poullikkas, an expert in energy systems and former chairman of the Cyprus Energy Regulatory Authority (CERA). “...

Household gas prices in the EU fell to €11.43 per 100 kWh in the first half of 2025, down from €12.44 recorded in the second half of 2024, according to Eurostat. This drop signals a ...

Cyprus recorded one of the largest decreases in household electricity prices across the European Union in the first half of 2025, with costs falling by 9.5 per cent compared with the same ...