Energy

The government is concerned the European Commission may withdraw its €657 million subsidy for the electricity connection between Cyprus and Greece through the Great Sea Interconnector project, Energy Minister George Papanastasiou ...

Eni denied on Thursday that it has been engaged in any discussion for the sale of shares in Cyprus, a company spokesperson told the Cyprus Mail after the government also ...

Cyprus’ decision on investing in the Great Sea Interconnector project will hinder whether the cost-benefit analysis is approved, it was reported on Wednesday. Speaking to CyBC in the morning, Energy ...

Oil prices extended gains to two-month highs on Tuesday on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl. Brent crude futures rose 70 ...

Energy Minister George Papanastasiou highlighted Egypt as an essential partner for Cyprus during an interview with the Cyprus News Agency (CNA) on Sunday, in the context of the EU-Egypt Investment ...

Data centres and electric vehicles are expected to ramp up US power demand by about 300 terawatt-hours (TWh), equivalent to the electricity consumed annually by Turkey, by the end of the ...

US oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of ...

Total oil product sales in Cyprus saw a marginal year-on-year decrease of 0.2 per cent in May, while sales during the first months of the year are up compared to 2023, according ...

Cyprus Energy Regulatory Authority (CERA) Chairman Andreas Poullikkas this week provided an analytical overview of the European Union’s strides towards establishing a robust hydrogen market by 2030. “The EU’s ...

Implications of Euro-elections on European energy The headline in the FT following the June elections in Europe was: ‘Europe’s green backlash – Rightwing advances in EU parliament (EP) elections will ...

Brent oil futures were steady on Thursday, hovering just below seven-week highs as escalating conflict in the Middle East raised supply disruption fears while the market awaits US inventory data ...

Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said US crude inventories unexpectedly rose. Brent crude futures ...

The government on Wednesday announced it had extended the electricity subsidy until the end of October, meaning it will have been in place for exactly a year upon its currently ...

Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production. ...

Greece’s Independent Power Transmission Operator (Admie) said Monday it has signed a memorandum of understanding with a major asset manager interested in acquiring a direct stake in the company ...

The EU drive towards green energy is seeking to harness a traditionally clean power source – with some tweaks. By Tom Cassauwers Dr Jeremy Bricker, a hydraulics and coastal engineer, is ...

The East Mediterranean Gas Forum (EMGF), based in Cairo, has announced a recruitment process for two vacant positions, according to an announcement by Cyprus’ Ministry of Energy, Commerce, and Industry. ...

The House audit committee on Thursday expressed their support to Energy Minister George Papanastasiou on the way he is handling with the beleaguered Vasiliko LNG plant. Cyprus is in arbitration ...

Oil prices slipped on Thursday as investors digested that the US Federal Reserve had likely pushed back an interest rate cut to December and as US crude and fuel stocks ...

Professional associations, who are members of the Cyprus Federation of Employers and Industrialists (Oev), this week met with the newly elected president of the European Committee for Electrotechnical Standardisation (CENELEC), ...

The Office of the Commissioner for State Aid Control has advocated that Cyprus’ energy isolation and high energy costs, combined with other unique challenges related to the island’s energy ...

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower-than-expected use in the first quarter, saying travel and tourism would support consumption ...

Saudi Arabia began preparing more than a year ago to sell a new chunk of state oil giant Aramco, targeting foreign investment that has lagged goals for years and is ...

The Chinese-led consortium tasked with building the liquefied natural gas (LNG) import terminal at Vasiliko is open to exploring alternative agreements beyond the scope of the current contract, Energy Minister ...