Energy

A natural gas price prediction starts with a simple question: will enough gas reach buyers when they need it? The answer is rarely simple. Production may be rising in North ...

The value of European Union petroleum oil imports rose sharply by 55.8 per cent in the second quarter of 2026, according to Eurostat. Despite the steep rise in total cost, the volume ...

Cyprus and Israel will continue negotiations in the first half of October aimed at reaching an agreement over the cross-border gas reservoir between Cyprus’ Aphrodite field and Israel’s Ishai ...

Cyprus’ competitive electricity market completes its first year of operation on October 1. Technically, it is functioning. Electricity is traded through day-ahead, intraday, forward and balancing arrangements broadly aligned with EU’...

President Nikos Christodoulides called for the “development” of the natural gas located under the seabed off the coast of Cyprus “as soon as possible” when he met American multinational oil ...

With petrol prices already at an average of €1.7 per litre and diesel over €2, there seems to be no room for optimism regarding the trend prices will follow in the near ...

The oil shock caused by the Iran war is re-charging the electric vehicle (EV) market as high gasoline and diesel prices stimulate consumer demand for alternatives. Economics is becoming as ...

Cyprus recorded one of the EU’s sharpest monthly increases in petrol prices in August, while fuel costs across the bloc continued to climb sharply on an annual basis, according ...

The American Chamber of Commerce in Cyprus (AmCham Cyprus) will bring together officials and business leaders in Nicosia on November 6 for its annual conference, focusing on transatlantic cooperation, energy security ...

The Employers and Industrialists Federation (Oev) will host the opening event of the annual consortium meeting of the European TRIERES hydrogen project in Ayia Napa on September 22, 2026. The event will ...

Diko leader Nicholas Papadopoulos on Sunday called on Finance Minister Makis Keravnos to resign from his post over his reservations regarding the planned Great Sea Interconnector project, which, if completed, ...

Neither diesel nor natural gas can provide a long-term answer to Cyprus’ energy needs, Cyprus Institute president Stavros Malas said on Friday, stressing the need to develop sustainable energy storage ...

The finance ministry is “monitoring the situation” with the cost of fuel continuing to increase in recent weeks amid developments in the conflict in the Middle East, its spokesman Michalis ...

The price of fuel at the pump is expected to increase further in the coming weeks, petrol station owners’ association chairman Savvas Prokopiou warned on Friday, with recent developments in ...

Cyprus ranked fourth from last in the European Union for the share of electricity generated from renewable sources in the second quarter of 2026, according to a report from Eurostat. Only ...

Areas of Nicosia and Larnaca were left without electricity on Thursday after cables were severed in separate incidents the electricity authority (EAC) confirmed. Crews from the authority were dispatched to ...

A planned undersea electrical interconnection cable linking Cyprus and Lebanon would allow the island to send energy there that it generates through renewable sources, which at present goes to waste, ...

The Employers and Industrialists Federation (Oev) and the Cyprus Energy Regulatory Authority (CERA) have discussed measures to improve the electricity market and gradually reduce energy costs, Oev said on Wednesday. ...

The Middle East’s oil map is being rewritten at sea, as attacks around the Strait of Hormuz and Red Sea push exporters towards pipelines, alternative ports and longer tanker ...

A navtex, a message used to transmit information to seaborne vessels, will be issued “in the coming days” to warn sailors of plans to conduct seabed surveys for the laying ...

House president Annita Demetriou on Wednesday called on the government to abandon its current policy of “ambivalence, doublespeak, and inertia” over the Great Sea Interconnector, stressing that the project is ...

Fuel prices are likely to rise further unless current trends change, consumer protection service director Constantinos Karagiorgis warned on Monday. “There is a possibility, if nothing changes, that the next ...

MEP Fidias Panayiotou’s initiative to reduce electricity prices by 20 per cent has sparked intense public debate. The government, professional bodies, and market stakeholders quickly disputed his calculations, particularly regarding ...

The government is “in talks with energy giants” over the allocation of the rights to research and drill for natural gas in blocks of Cyprus’ exclusive economic zone (EEZ) which ...