Energy

The Turkish government and the Turkish Cypriot authorities on Friday signed a memorandum of understanding which foresees the construction of a natural gas pipeline between Turkey and Cyprus. According to ...

Most tankers stranded in the Persian Gulf since the Iran conflict began have now left, but the vessels needed to keep the region’s oil exports moving are not returning.  ...

Fuel prices in Cyprus have fallen steadily in recent weeks but remain above the levels seen before tensions escalated between Israel and Iran, while uncertainty over developments in the region ...

Cyprus recorded the highest share of household energy consumption devoted to air conditioning and cooling in the European Union in 2024, according to figures released on Wednesday by Eurostat, highlighting the ...

For years, public debate in Cyprus has focused almost entirely on the international price of LNG. Every discussion about importing natural gas eventually arrives at the same question: what will ...

Trade unions representing workers at the Electricity Authority of Cyprus will escalate their industrial action from Thursday, while insisting that electricity generation will continue uninterrupted. Speaking to CyBC radio on ...

Steelmaker SSAB (SSABa.ST) is spending €6 billion to upgrade its operations, switching from coal to low-carbon hydrogen in a bet that European Union policies would reward lower-emission production and help ...

The supply of natural gas and renewable energy across the European Union grew during 2025, while the use of coal and petroleum products saw a continued decline, according to preliminary data ...

The European Central Bank (ECB) has warned that disruptions to trade through the Strait of Hormuz could have far-reaching consequences for the global economy, with supply shortages extending well beyond ...

Cyprus may find itself with insufficient electricity by 2030, opposition politicians warned on Thursday, calling on the government to get its act together fast. MPs were speaking to the press following ...

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 ...