Energy

Energy expert Dr Charles Ellinas on Wednesday warned that the Cypriot government is likely offering “continuous concessions” to multinational energy corporations so as to persuade them to drill for natural ...

Two gas fields located in Cyprus exclusive economic zone (EEZ) were on Tuesday declared “marketable” by multinational energy corporations ExxonMobil and QatarEnergy. Both fields, the ‘Pegasus’ field and the ‘Glaucus’ ...

Cyprus lacks a coherent long term energy strategy despite growing pressures from costs, climate targets and geopolitics, according to energy expert and former chief of the Cyprus Energy Regulatory Authority (...

Energy consumption across the European Union services sector climbed to 4,971 petajoules in 2024, according to the latest data released by Eurostat. This figure marks a slight rise from the 4,886 petajoules recorded ...

The European Union maintained stable petroleum oil imports during the first quarter of 2026 when compared to the monthly average recorded throughout 2025, according to a report from Eurostat. The value of ...

Cyprus’ total sales of petroleum products fell by 5.1 per cent in May 2026 compared with the same month last year, even as monthly demand strengthened and the government moved to shield ...

Petrolina (Holdings) Public Limited announced on Friday that its financial results for the first half of 2026 are expected to show a significant improvement compared with the corresponding period of 2025. The ...

The first contracts for large-scale electricity storage batteries in Cyprus are due to be signed on Tuesday, in an effort towards reducing renewable energy curtailments and increasing the amount of ...

The Cyprus-Greece great sea interconnector project (GSI) remains a strategic priority and has not been suspended, Energy Minister Michalis Damianos asserted on Tuesday, while stressing that the government will make ...

Companies including Nestle (NESN.S) ‌and Ikea (IKEA.UL) on Monday urged governments to make electrification central to their economic strategies, to help reduce exposure to volatile fossil fuel costs ...

The preliminary agreement between the United States and Iran is expected to lead to further reductions in fuel prices, the energy ministry said on Monday. “There was a de-escalation in ...

The question is no longer whether Cyprus needs a long-term energy plan. The question is what such a plan should include. A successful energy strategy must provide a coherent framework ...

Recent warnings from the International Monetary Fund (IMF), concerns raised by the auditor-general and growing criticism from energy experts all point to the same conclusion: Cyprus urgently needs a comprehensive ...

Greenhouse gas emissions in Cyprus have increased by 10.7 per cent over the past decade, placing the nation among a small group of European Union countries that have seen their output ...

Aphrodite project strengthens Cyprus’ regional energy role US energy company Chevron sees Cyprus as a key part of the East Mediterranean’s energy future, with the Aphrodite gas field moving ...

The agreement between the US and Iran to end their military standoff has brought immediate relief to international markets, sending oil prices lower and easing fears over energy supplies.  However, ...

Retail fuel prices in Cyprus are expected to fall further in the coming days, following a series of reductions over the past month, according to Consumer Protection Service director Constantinos ...

European Union households consumed 9.54 million terajoules of energy throughout 2024, according to Eurostat, marking a marginal decline of 0.2 per cent from the 9.57 million terajoules recorded in 2023. The latest data highlights that ...

Wind turbine production across the European Union has shown renewed growth after years of volatility, with output reaching its highest level in a decade in 2024, according to Eurostat. The statistics ...

Energy Minister Michalis Damianos used his participation at the 10th Ministerial Meeting of the East Mediterranean Gas Forum (EMGF) in Washington to stress that current geopolitical developments make it essential ...

The European Union’s industry sector consumed 8,835 petajoules (PJ) of energy in 2024, marking an 8.1 per cent decline compared with 2014, according to newly released data from Eurostat. The figures also showed ...

Heating and cooling account for around 70 per cent of household energy consumption in Cyprus, with cooling degree days reaching 610 per cent of the European average, according to a report published ...

Energy policy in Cyprus must move beyond pre-election slogans towards a coherent long-term national strategy, according to Andreas Poullikkas, professor of energy systems at Frederick University and former chairman of ...

The ports authority on Friday announced a tender for consulting services related to the planned €350 million expansion of the Vasiliko port in Mari. “The announcement constitutes an essential step for ...