Energy

Oil prices fell on Wednesday, extending a plunge of more than 4 per cent the previous day and hovering at their lowest since December, on expectations that a political dispute halting ...

A European Union directive by which a set percentage of energy used by member state residents must be derived from an interconnected source, means Cyprus must press ahead with the ...

The government on Tuesday was forced to deny media reports it has taken any final decisions hidden from the public eye regarding funding for the controversial electricity interconnector project. “No ...

Cyprus saw an increase in the sales of petroleum products during July, which totalled 134,484 tonnes, marking a 4.6 per cent increase compared to July 2023. According to a report released on Tuesday ...

Chevron on Tuesday confirmed that on August 30, it resubmitted a revised development plan for the Aphrodite gas field to the energy ministry for evaluation. The confirmation comes a day after ...

Turkish state energy company Botas and British oil major Shell (SHEL.L) will sign a long-term LNG agreement on Monday, the Turkish Energy Ministry said. It said Energy Minister Alparslan ...

The government is in talks with a number of stakeholders over the Great Sea Interconnector project, with a key aim of ensuring reduced electricity prices to the public, President Nikos ...

The updated development plan for the Aphrodite gas field is moving “in the right direction” President Nikos Christodoulides said on Monday, while sources suggested the government would be issuing its ...

British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to the state and ...

Oil prices extended losses on Monday on expectations for higher OPEC+ production starting in October and as signs of sluggish demand in China and the US, the world’s two ...

Qatar has agreed to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for 15 years, the second such deal since 2020 as Kuwait imports the fuel to ...

OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of ...

The finance ministry reiterated on Thursday it’s not in a position to evaluate the mooted Cyprus-Greece electricity interconnector project as several parameters remain unknown, while the cost-benefit analysis provided ...

Energy Minister George Papanastasiou on Thursday discussed ways to “speed up” the exploitation of natural gas discoveries in Cyprus’ Exclusive Economic Zone (EEZ) with Egypt’s Petroleum Minister Karim Badawi. ...

Oil prices steadied on Thursday, after two losing sessions as supply concerns over Libya returned, while a smaller-than-expected draw in US crude inventories sapped demand expectations. Brent crude futures had ...

Jobs in the US clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in clean energy surpassed for the first ...

The government is “examining the possibility” of declassifying Cyprus’ energy market from its current status as “emergent”, Energy Minister George Papanastasiou said on Wednesday. Cyprus’ energy market is currently classified ...

Cyprus’ authorities “have not seen” the financing plan for the Great Sea Interconnector project, the finance ministry’s permanent secretary George Panteli said on Wednesday. Speaking at an extraordinary meeting ...

Oil prices slipped on Wednesday on persistent concern over Chinese demand and elevated risks of a broader slowdown, though the decline was capped by potential supply losses from the Middle ...

Oil prices paused recent advances to trade in a range on Tuesday, after a surge of more than 7 per cent in the previous three sessions, on supply concerns prompted by ...

Finance Minister Makis Keravnos on Monday waved off the notion he might quit over lingering concerns he has regarding the mooted Cyprus-Greece electricity interconnector. Speaking to the ANT1 television channel, ...

The Israeli partners in the consortium holding the concession on the Aphrodite offshore gas reservoir confirmed on Monday that they had received from the Cypriot government a ‘notice of breach’ ...

The government is due to give the thumbs-up on Tuesday to a call for tender for the selection of a project manager for the troubled Vasiliko LNG terminal. The decision ...

The electricity authority (EAC) on Monday cancelled a meeting with the electricity market association (EMA) over what they described as a “violation” of an agreement on the EMA’s part ...