Energy

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 ...

Oil prices fell on Wednesday as investors reassessed the ability of China’s stimulus plans to boost the economy enough to drive more fuel demand growth in the world’s ...

Saudi Aramco (2223.SE) is planning to raise up to $3 billion in five and 10-year US dollar-denominated sukuk, or Islamic bonds, according to two sources with direct knowledge of the matter ...

People living near the Dhekelia power plant expressed their frustration on Monday at the pollution spewed out by the outdated facility, but energy officials said there is no way to ...

Key talks were underway on Monday between the respective energy regulators of Cyprus and Greece and the project promoter for the electricity connector linking the two countries, while a senior ...

EU member states share common goals of achieving climate neutrality and ensuring a sustainable, secure and affordable energy future, Energy Minister George Papanastasiou said on Monday at the opening of ...

Cyprus needs a long-term energy strategy with well-defined objectives, according to the chairman of the Cyprus Energy Regulatory Authority (Cera) Andreas Poullikas. “The provision of affordable energy services is key ...

Oil prices rose on Monday, buoyed by concerns that heightened conflict in the Middle East may curtail regional supply and expectations last week’s outsized US interest rate cut will ...