Akinci submits gas cooperation proposal through UN (Update 3)
Turkish Cypriot leader Mustafa Akinci has formalised a proposal he has made in the past to set up a joint committee for cooperation on hydrocarbons
Energy
Parliament says yes to extending hydrocarbons’ licences
THE House on Friday approved regulations that allow the government to extend the licenses of companies exploring for hydrocarbons inside the island’s exclusive economic zone
EU signals sanctions on Turkey over Cyprus drilling (updated)
By Gabriela Baczynska The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey’s “illegal” drilling for
No decision on EU sanctions against Turkey, discussion to continue
EU sanctions against Turkey following its activity in the Cyprus EEZ are set to be agreed on Thursday by the Committee of Permanent Representatives in
EU sanctions against Turkey within expectations, government source says
The proposed measures against Turkey over its actions in Cyprus’ exclusive economic zone (EEZ) are within expectations, a government source was quoted as saying on
Turkey rejects claims that drilling off Cyprus illegitimate (update 2)
By Daren Butler Turkey said on Wednesday it rejected Greek and European Union assertions that Turkish drilling for gas and oil off Cyprus was illegitimate,
Lawmakers begin reviewing proposals to extend hydrocarbons’ licences
Parliament on Tuesday began reviewing proposed changes to the law that would enable the government to extend the licences for companies exploring for hydrocarbons in
EU says Turkey’s actions of grave concern (Update 1)
The European Union said Turkey’s plans to launch a second hydrocarbon drill off the coast of Cyprus was a grave concern and an unacceptable escalation
BP’s Review of World Energy reflects rising global concerns
BP published its annual Statistical Review of World Energy report in London on June 11 – this records world energy developments in 2018. In his
Turkey to drill off Karpasia within a week, minister says
Turkey announced that drilling off Karpasia is expected to start within a week, reports said on Saturday. Turkish Energy Minister Fatih Donmez told Turkish news
EAC head resigns over conflict of interest
The chairwoman of the electricity company has resigned six months after her appointment after it was determined she had a conflict of interest in her
Cyprus takes legal action against firms encroaching its exclusive economic zone
Cyprus has initiated legal proceedings against three companies involved in gas drilling by Turkey to the west of the island for encroaching on the island’s continental
Hermes Airports commits to achieve net zero emissions by 2050 (Updated)
Hermes Airports said on Wednesday the operator had signed a landmark commitment to become net zero for their carbon emissions by 2050. The commitment concerns
Erdogan says Turkey will not be stopped by EU threats (updated)
Whoever violates the sovereign rights of Greece and the Republic of Cyprus will face repercussions, Greek Prime Minister Alexis Tsipras said on Tuesday, after Turkish
EU was tough on Turkey, president insists, but actions take time
Sanctions by the European Union take time and one should not expect the bloc to decide measures against Turkey overnight, President Nicos Anastasiades has said.
EU to warn Turkey over illegal activities in Cyprus’ EEZ
EU governments are expected to express ‘serious concerns’ about Turkey`s drilling activities in the Eastern Mediterranean and will vow to “respond appropriately in full solidarity
Oil rises but set for weekly loss as demand fears outweigh geopolitics
By Jessica Resnick-Ault Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns about
Concerns that state gas deals could lead to higher energy prices
In a move that could smother competition and drive electricity prices higher, the government has taken the step of declaring the natural gas market in
Federal settlement still a priority for US
A Cyprus settlement in the framework of a bi-zonal, bicommunal federation remained a priority for the US, Deputy Assistant Secretary for European and Eurasian Affairs,
Scrutinising the Aphrodite gas deal
This week’s deal with Noble, Delek and Shell divvying up the profits from the Aphrodite gas-field is not quite what it seems at first glance