Lakkotrypis: another milestone in Cyprus’ energy programme
Cyprus on Thursday granted the first hydrocarbon exploitation licence to the consortium that owns the Aphrodite concession, with a view to pipe gas to Egypt...
Energy
Cyprus grants Aphrodite reserve exploitation licence
Cyprus on Thursday granted the first hydrocarbon exploitation licence to the consortium that owns the Aphrodite concession, with a view to pipe gas to Egypt...
Energy companies have not been scared out of block 7
Energy Minister Yiorgos Lakkotrypis said on Tuesday international energy companies had no intention to start their drilling programmes in block 7 of Cyprus Exclusive Economic...
Saudi Arabia kick-starts IPO of world’s largest oil company (Updated)
Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in...
New setback for plans to import gas
The island’s effort to import natural gas to power its electricity grid looked set to delay further on Friday after complications emerged in the tender...
‘Turkey’s claims on Cyprus EEZ do not benefit either community’
Energy Minister Yiorgos Lakkotrypis said on Tuesday that Turkey’s claims on Cyprus’ exclusive economic zone (EEZ) do not benefit Turkish Cypriots or Greek Cypriots. Speaking...
€85m cost for emissions to be passed on to consumers
The Electricity Authority of Cyprus (EAC) will pay a projected €85m next year for carbon dioxide emissions allowances, a cost that will be transferred to...
Last-ditch bid to salvage EuroAsia Interconnector
Cypriot officials and energy regulators were said to be in Athens on Tuesday in a last-ditch bid to ‘salvage’ the EuroAsia Interconnector, a planned subsea...
Greek foreign minister lambasts ‘troublemaker Turkey’ (Updated)
Greek Foreign Minister Nicos Dendias said on Monday Turkey was a troublemaker entrenched in the dead ends of its own misguided choices, as Ankara’s drillship...
Cyprus signs contracts with Eni and Total on five EEZ blocks (Updated)
Cyprus on Wednesday signed agreements with France’s Total and Italy’s Eni for exploration in block 7 of Cyprus’ exclusive economic zone (EEZ). The contracts were...
DEFA sees ‘intense international interest’ in Cyprus’ energy market
The first stage of Cyprus’ Gas Company’s (DEFA’s) tendering process for the supply of liquefied natural gas (LNG) has seen considerable interest from the international...
Blue energy projects presented at UCy
Pilot projects on using wave power and micro algae to produce biofuel and electricity were presented on Tuesday to underline how blue energy can contribute...
‘More US energy companies to operate in Cyprus’
US Ambassador to Cyprus Judith Garber has said more US energy companies will operate in Cyprus, joining ExxonMobil and Noble Energy. Speaking at a business...
Cyprus runs the risk of being trapped into an expensive undertaking with gas deal
DEFA announced on 23 August its decision to award the tender for the construction of an LNG import terminal at Vasilikos. This will comprise a...
Power generated by natural gas expected in 2021
Natural gas for power generation should be expected on the island late in 2021, the head of the natural gas public company (Defa) said on...
Aphrodite gas development plan expected this week, minister says
The government expects a joint venture of energy companies to submit a new development and production plan for an offshore gas field this week, with...
Multinational consortium named for LNG construction
Α multinational consortium of JV China Petroleum Pipeline Engineering Co Ltd, Aktor S.A. and Metron S.A., with Hudong-Zhonghua Shipbuilding Co. Ltd and Wilhelmsen Ship Management...
Erdogan: there will be no gas without our involvement
Turkey is determined to continue exploring for natural gas and oil in the eastern Mediterranean, the country’s president Tayyip Erdogan said on Thursday, warning that...
€1.1m in scholarships offered in energy studies
THE ministry of energy, commerce and industry announced on Friday it is offering a total of €1.1m for scholarships for undergraduate and postgraduate programmes, including...
Greece, Israel, US, Cyprus to boost energy cooperation (Updated)
Greece, Israel and USA expressed their full support to Cyprus’ sovereign right to exploit its energy resources, during the First Energy Ministerial Conference, that took...
