Energy

The global energy market remains heavily reliant on a small number of maritime chokepoints, with more than 90 per cent of seaborne oil moving through a handful of narrow corridors that ...

Egypt has agreed to buy all the output of the Aphrodite gas reservoir in Cyprus’ exclusive economic zone once the field starts production, international media reported on Thursday. According to ...

A law requiring compensation for surplus electricity generated by photovoltaic systems has been referred back to parliament on Thursday by President Nikos Christodoulides. The decision was taken following the law’...

Energy Minister Michael Damianos on Thursday said the Eastern Mediterranean can play “a leading role in addressing the climate crisis and shaping the new energy landscape in the region”. The ...

Cyprus is entering a phase of full energy transition, with the government prioritising independence from imported fossil fuels as the “only realistic option” for economic stability, Energy Minister Michalis Damianos ...

President Nikos Christodoulides on Wednesday addressed key challenges in the energy sector, the utilisation of natural gas, and international efforts to promote Cyprus as an investment destination during a roundtable ...

Cyprus used an international climate conference in Nicosia on Wednesday to call for stronger regional and international cooperation on climate change, with President Nikos Christodoulides saying the region must work ...

Energy Minister Michalis Damianos said on Tuesday that stricter measures including a potential price cap could be imposed if profiteering is identified in the fuel market. Speaking on Sigma TV, ...

By Demetris Stefani On March 2, 2026, the Strait of Hormuz, the world’s most critical energy passage, effectively closed. Approximately 20 per cent of global seaborne oil trade has been disrupted. Crude ...

A portion of the government’s fuel subsidy introduced last week was not passed on to consumers, but instead “unjustifiably absorbed” by petrol stations, the Cyprus Consumers Association said on ...

By Theodoros Zachariadis, professor at the Cyprus Institute Imagine that meat prices rise by 30 per cent, whether due to foot-and-mouth disease or energy costs. This creates serious inflationary pressures throughout ...

Energy Minister Michalis Damianos outlined his ministry’s 2025 achievements and priorities for 2026, while acknowledging ongoing uncertainty surrounding the delayed Vasiliko natural gas project. Speaking at a press conference on Friday, ...

More electricity smart meters are being installed this month on a large scale, the electricity authority (EAC) announced on Friday, reminding consumers that power will be cut off for about 20 ...

Energy Minister Michalis Damianos on Friday confirmed the commercial viability of the ‘Pegasus’ deposit in block 10, a newly discovered offshore gas field. Speaking at a press conference, Damianos said a ...

Cyprus Gender Equality Commissioner Josie Christodoulou called for more accountable and action-centred leadership in the energy sector during EGYPES 2026 in Cairo this week, telling a regional forum that women’s ...

Cuts to value added tax (VAT) on fuel would not comply with European Union law, the European Commission said on Wednesday, as governments across Europe attempt to combat spiking fuel ...

By Dr Andreas Procopiou Former Senior Research Fellow in Smart Grids at the University of Melbourne and Research Engineer at the Électricité de France R&D  In public discussions ...

The push for cheaper electricity in Europe will depend on accelerating the energy transition while introducing targeted short-term measures, according to analysis by Andreas Poullikkas. The professor of energy systems ...

The European Commission recently adopted the Work Programme for the 2026 and 2027 Euratom Research and Training Programme, marking a decisive step in the development of nuclear technologies. The programme provides complementary ...

The European Union imported energy products worth €336.7 billion in 2025, representing a total weight of 723.3 million tonnes, according to Eurostat. When compared with the previous year, imports of energy products decreased ...

War in Iran and the related surge in fossil fuel prices have driven some politicians to push for more renewable energy in Europe, yet market volatility, an ​expected rise in ...

Telecoms provider Cyta on Friday welcomed the decision by the House of Representatives to approve legislation allowing the organisation to enter the energy sector, describing it as a pivotal step ...

The Cyprus Statistical Service (Cystat) on Friday reported that total petroleum product sales in February 2026 reached 111,922 tonnes, marking a 0.1 per cent year-on-year increase compared to February 2025. However, the figures reflect ...

The Cyprus Telecommunications Authority (CyTA) got the green light on Thursday to operate in the energy sector, though it remained an open question whether the semi-governmental organisation will compete or ...