Energy

Total petroleum product sales in Cyprus fell by 5 per cent year-on-year in April 2026, as the island continued to feel the effects of rising fuel prices and broader energy market volatility ...

The global oil and marine fuel market is moving into a more uncertain period, as tensions in the Middle East, restrictions around the Strait of Hormuz and changes in Russian ...

Battery storage firms in the US are seeing surging interest from power-hungry AI data centers, but lengthy queues to connect to the grid and a supply chain heavily dependent on ...

On 19 May Cyprus approved the Development and Production Plan of the Kronos gasfield in block 6 by the ENI-TotalEnergies consortium. This focuses on a fast-track, subsea tie-back to the existing Zohr ...

Fuel prices across the European Union surged in April, with Cyprus recording one of the steepest monthly increases in diesel costs, reflecting broader energy market pressures. According to a report ...

Energean announced on Wednesday it has restored group production to over 150,000 barrels of oil equivalent per day, following the restart of the Energean Power FPSO in Israel after a 41-day ...

Cabinet on Tuesday approved the development and production plan for the Kronos gas field, which is located in Block 6 of Cyprus’ Exclusive Economic Zone (EEZ), with President Nikos Christodoulides stressing ...

The European Central Bank (ECB) has published a paper warning that Europe’s fragmented energy system continues to expose firms to high and uneven energy costs, with particular implications for ...

The launch of Cyprus’ competitive electricity market represents an important modernisation step, but stronger regulatory safeguards are essential to prevent market distortions and protect consumers, according to energy expert Andreas ...

The European Union recorded an increase in greenhouse gas emissions during the fourth quarter of 2025, with figures reaching 839 million tonnes of CO2-equivalents, according to Eurostat. Specifically, Eurostat reported a 0.9 ...

The government will be accepting proposals for the third energy efficiency plan for homes in September, with a budget of €20 million, the energy ministry announced on Friday. Energy Minister Michael ...

Cyprus has placed the strengthening of the Single Market at the centre of its EU Presidency agenda, Energy, Commerce and Industry Minister Michalis Damianou said on Friday. The minister delivered ...

Energy security, coordinated action and the acceleration of electrification were at the centre of discussions at an informal meeting of EU energy ministers held in Nicosia on Wednesday under Cyprus’ ...

Negotiations on Cronos are in their final stages with first gas expected by mid 2028, Energy Minister Michalis Damianou said on Wednesday. Speaking after chairing a meeting under Cyprus’ presidency of ...

Independent power transmission operator Admie has received approval to submit a request to the European Investment Bank (EIB) for the funding of a due diligence study on the Greece-Cyprus electricity ...

European Energy Commissioner Dan Jorgensen on Tuesday stressed the European Commission’s “crystal clear” commitment to the planned Great Sea Interconnector project, which, if completed, will link the energy grids ...

Residential solar panel owners faced repeated production cutoffs over the past month, with some systems taken offline up to 17 times, according to media reports on Tuesday. Daily Phileleftheros cited data ...

Greek lender Eurobank and the Ktistor Group have announced a partnership to support investments in battery energy storage systems (BESS) projects of 1 to 10 MW connected to the distribution network operated ...

European household gas prices returned to a traditional seasonal fluctuation pattern during the second half of 2025 as the market stabilised following the energy crisis of previous years. Average prices including ...

US President Donald Trump’s military forays in Venezuela and Iran have weakened OPEC more than anyone thought possible just months ago. The White House may view this as a ...

The developments of the past few days clearly demonstrate the adage “it is easier to start a war than to end one,” a recognised principle of military history and geopolitics. ...

A new solar farm worth more than €4 million is to be built in the Larnaca suburb of Aradippou, the suburb’s municipality announced on Friday. It said it has now ...

Average gas prices for non-household consumers across the European Union fell by 8.3 per cent during the second half of 2025, according to Eurostat. The cost for industrial users dropped to €6.05 per 100 ...

The Institute of Certified Public Accountants of Cyprus (ICPAC) leadership held a meeting on Friday with Energy Minister Michael Damianos, to discuss the future of the hydrocarbons sector. The delegation ...