Energy

Regular electricity bill payers will not subsidise the additional reduced rates paid by vulnerable groups, Energy Minister George Papanastasiou said on Saturday. Moving to address rumours that forthcoming increases in ...

By Charles Ellinas Eurostat has just published its report on EU electricity price statistics for the first half of 2024. A subject close to the heart of long-suffering Cypriot electricity consumers. ...

The Cyprus-Crete electrical interconnection project will likely face some delays, Energy Minister George Papanastasiou said on Friday, adding that completion by the end of 2029 now appears to be a realistic ...

The energy ministry has reissued its grants scheme for encouraging the use of renewable energy sources in residences to accommodate an additional 3,000 applications from households across Cyprus. According to the ...

It has been over two-and-a-half years since ExxonMobil last drilled in Cyprus’ EEZ, but the company is about to come back. In an interview earlier this month the minister of ...

By Charles Ellinas Finally, some good news about the beleaguered LNG import project in Cyprus. Energy Minister Giorgos Papanastasiou confirmed in parliamentary hearings that an agreement has been reached with ...

Oil prices fell on Wednesday after industry data showed US crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East ...

Energy regulators in the EU have raised concerns that the slow rollout of smart meters is hindering the electricity system’s flexibility, according to Andreas Poullikas, chairman of the Cyprus ...

A deal regarding the delivery of the floating storage and re-gasification unit (Fsru) that is part of the liquefied natural gas (LNG) project at Vasiliko has been reached by the ...

The government is “evaluating” its options regarding the future of the electricity subsidy ahead of its currently scheduled expiry at the end of this month, spokesman Konstantinos Letymbiotis said on ...

Oil prices edged up in Asian trading on Monday, following a more than 7 per cent drop last week on worries about demand in China, the world’s top oil importer, ...

BP (BP.L) is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss ...

Oil prices inched higher on Wednesday amid uncertainty over what may happen next in the Middle East conflict, after demand concerns knocked the market to its lowest since early October ...

Oil prices slid as much as $3 to a near two-week low during Asian trade on Tuesday on the back of a weaker demand outlook and after a media report said ...

Cyprus’ first natural gas extraction will most likely be from the Kronos reservoir in block 6, which may be in 2027, Energy Minister George Papanastasiou said in an interview to Kathimerini published ...

Further deliberation is needed over the energy minister’s proposal to create a state-owned electricity grid company, EAC board director Giorgos Petrou said on Friday, after a preliminary meeting. The ...

Energy Minister George Papanastasiou has proposed the creation of a state body that can participate in the energy connection between Cyprus and Greece so as to avoid mistakes of the ...

A proposal to nationalise the electricity authority’s (EAC) grid and its operation is being considered, it was reported on Wednesday. The idea, presented to Energy Minister George Papanastasiou and ...

A prolonged high price of oil due to the Middle East crisis may lead to consumers paying more for electricity in Cyprus, while some investments may also be at risk, ...

Cabinet on Monday approved a €1 million grant scheme for installing solar hot water systems. Energy Minister George Papanastasiou said there are two categories for applicants. The first is a broad ...

Constellation Energy (CEG.O) and Microsoft (MSFT.O) plan to restart the Three Mile Island nuclear plant, hoping they have scored a quick source of enough climate-friendly energy to power ...

Cyprus, as the 2024 president of the Med9 group of Mediterranean EU countries, is focusing on transforming the Mediterranean into a green energy corridor, according to Energy Minister George Papanastasiou. Addressing ...

The Shorewinner project, which aims to set up and develop a Southern European offshore wind energy community of practice, was successfully launched in Cyprus this week. The hybrid event took ...

The European Commission sent a letter of formal notice to Cyprus on Wednesday, calling on it to speed up its issuing of permission for renewable energy projects. The letter said ...