Energy

Renewable energy sources supplied 47.5 per cent of gross electricity consumption in the European Union in 2024, with Cyprus recording one of the lowest shares in the bloc, according to Eurostat. The ...

The formulation of a bilateral agreement between Cyprus and Israel on the management of the Aphrodite-Ishai gas fields “appears to be in the final stages,” the state-run news agency said ...

The independent power transmission operator (Admie) took part in the Eastern Mediterranean regional meeting of the association of Mediterranean transmission system operators (Med-TSO), held in Amman, Jordan. According to an ...

The Kronos gas field in Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) is “in the final stage of development” ahead of a potential final investment decision, President Nikos Christodoulides said ...

The European Union’s new European Grids Package offers Cyprus a practical roadmap to escape energy isolation, cut electricity costs and curb wasted solar power if it is implemented decisively, ...

The rollout of smart electricity meters is continuing across Cyprus in January, with the electricity authority (EAC) on Friday announcing the list of neighbourhoods which are to have smart meters ...

The total sales of petroleum products in Cyprus rose by 5.6 per cent in November 2025, compared with the same month a year earlier, data released by the Statistical Service (Cystat) showed ...

Eurostat has reported that the European Union reduced its primary energy consumption in 2024, bringing it closer to its 2030 efficiency targets and signalling progress that also matters for energy-dependent countries such ...

Cyprus continued to increase its share of renewable energy in gross final energy consumption, according to Eurostat, highlighting steady progress on the island’s energy transition as the European Union ...

EU imports of petroleum oils fell sharply in the first nine months of 2025, while purchases of liquefied natural gas surged, reflecting a continued shift in the bloc’s energy mix, ...

Cyprus’ Commission for the Protection of Competition (CPC) has unanimously approved, subject to binding conditions, the acquisition of ExxonMobil Cyprus Limited by Petrolina (Holdings) Public Limited through Med Energywise Ltd, ...

Electricity tariffs remain a growing concern across Europe, with the European Commission now outlining seven targeted actions aimed at easing costs for households and businesses while strengthening the competitiveness of ...

Frederick University and Electi Consulting Ltd have successfully completed the technical implementation of the DYNAMO research project, a decentralised energy management platform designed to allow smart communities in Cyprus to ...

Eurostat reported that renewable energy accounted for 49.3 per cent of net electricity generated across the EU in the third quarter of 2025, a development that highlights wide disparities among member states ...

EAC Supply, in collaboration with the Cyprus Energy Agency, has announced a new “AHK+” Grant Scheme to support businesses, local authorities, and vulnerable households across Cyprus in their transition to ...

The presence of American multinational energy corporation Chevron in Cyprus’ maritime exclusive economic zone (EEZ) constitutes a “vote of confidence” in the energy potential of both Cyprus and Europe, President ...

The final cost and long-term viability of the Great Sea Interconnector (GSI) came under scrutiny on Friday during discussions at the House finance committee on the budget of the Cyprus ...

The electricity authority of Cyprus (EAC) is continuing its mass installation of smart meters across the island in December. In Nicosia, installations shall commence between Stavrou and Spyros Kyprianou avenue, ...

Cyprus and Lebanon on Wednesday signed an agreement on the delimitation of the Exclusive Economic Zone (EEZ) between the two countries and agreed to explore the idea of a Cyprus-Lebanon ...

Eurobank on Thursday released a statement detailing its participation at the 13th Energy Symposium, which took place in Nicosia this week. Eurobank was an official sponsor of the symposium, which, ...

Cyprus alone is responsible for the slow pace of progress in developing its renewable energy sector, President Nikos Christodoulides said on Wednesday, adding that this had left him deeply unsatisfied. ...

In 2024 the state-run power corporation spent €211 million on greenhouse gas emissions allowances – €45 million less than the previous year – while posting a net profit of €37 million, according to a presentation of ...

Energy Minister George Papanastasiou on Monday sounded cautiously optimistic on the prospects of the least-worst scenario materialising in relation to the stalled LNG project at Vasiliko. Speaking to news outlet ...

The government aims for Cyprus to have a “hydrogen production business ecosystem” by the end of 2027 to bolster the island’s energy production, Energy Minister George Papanastasiou said on Friday. ...