Energy

Delegations from the transmission system operator and the energy markets association discussed efforts to reduce electricity costs for households and businesses, and ways to make the new competitive energy market ...

Gas field decision unlocks domestic energy opportunities, expert says The final investment decision to develop the Kronos natural gas field in block 6 of Cyprus’ exclusive economic zone offers an opportunity ...

Energy Minister Michael Damianos on Tuesday described the consortium’s final investment decision to develop the Kronos natural gas field in Block 6 of Cyprus’ exclusive economic zone (EEZ) as a “...

Cyprus’ petroleum product sales fell sharply in June, according to figures by the state statistical service (Cystat), as the island’s fuel market continued to adjust to the lingering effects ...

Electricity storage batteries are expected to arrive in Cyprus in January 2027, with installations due to be completed before the summer, Energy Minister Michael Damianos said on Sunday. Damianos said contracts ...

The Electricity Authority of Cyprus’ (EAC) trade unions, Epopai, Sidikek, Sepaik and Syvaik, announced on Thursday that they had suspended planned strike action until September, citing the “difficult conditions” facing ...

Power cuts across Cyprus left 14 people trapped in lifts on Wednesday night, prompting multiple rescues by the fire brigade, which cautioned that responsibility for such incidents lies primarily with lift ...

The Electricity Authority of Cyprus (EAC) will remain central to the country’s energy transition as the government pushes ahead with investments in electricity networks, energy storage and conventional generation ...

Energy Minister Michael Damianos said on Thursday that every effort would be made to avoid further electricity cuts overnight, expressing confidence that the installation of 120MW of energy storage capacity ...

Cyprus remained below the European Union average for renewable energy use in 2025, with renewables accounting for 21.5 per cent of the island’s gross final energy consumption, according to Eurostat. The ...

Cyprus is experiencing rapid growth in solar power, but increasing amounts of renewable energy are being curtailed because the electricity grid cannot absorb all the power generated during periods of ...

Energy Minister Michael Damianos has said that he is “delighted” that United States President Donald Trump has taken an interest in energy production in the region around Cyprus. “I believe ...

The escalating US-Iran war threatens Asian oil refiners’ plans to ramp up output in August, which could keep global fuel stocks tight and bolster prices for longer unless China ​fills ...

Cyprus and Italy only EU nations with monthly petrol price increases Cyprus recorded one of the European Union’s highest annual increases in fuel prices in June 2026, even as retail ...

Environmental tax revenue in the European Union increased by 6.1 per cent in 2024, while Cyprus collected a total of €718.72 million during that time, according to figures released by Eurostat. The data ...

Cyprus is expediting the development of central electricity storage systems after a decision by the Transmission System Operator (TSO) to establish storage infrastructure alongside private sector projects. According to the ...

The publication of the Energy Institute’s Statistical Review of World Energy 2026 has produced widely differing interpretations. Some commentators argue that it demonstrates the energy transition is accelerating rapidly. Others ...

Global investments in fusion energy hit a record of $4.48 billion in the ‌year since last July, according to a survey released this week, a milestone driven by hopes the emerging ...

Europe is already being forced to reconsider how it keeps fuel moving through an increasingly volatile world. Now, as the crisis in the Strait of Hormuz exposes the fragility of ...

The euro area recorded a trade in goods deficit of €7.8 bn in May 2026, marking a significant reversal from the €15.0 bn surplus observed during the same month last year, according to ...

Cyprus does not currently face a shortage of aviation fuel, Energy Minister Michalis Damianos said on Thursday, but added that authorities are keeping an eye on the situation. It was ...

The International Monetary Fund (IMF) has warned that the global oil market is facing severe risks as crucial shock absorbers are rapidly depleting following the recent conflict in the Middle ...

The governments of Cyprus and Lebanon, as well as the World Bank, on Thursday agreed to prepare a preliminary feasibility study regarding the possibility of the connection of the two ...

The Great Sea Interconnector (GSI) will not automatically translate into higher electricity bills because its costs are recovered through a detailed European Union regulatory framework rather than being passed directly ...