Energy

Western European governments have sought to reduce their energy dependence on Russia since the outbreak of the Ukraine war, but when it comes to gas, they have increasingly substituted the ...

The point of contention has been “overcome” regarding the development of the Aphrodite gas field off the coast of Cyprus, Energy Minister George Papanastasiou said on Wednesday. Speaking after a ...

Oil prices extended gains on Wednesday as investors eyed concerns around crude and fuel supplies, following Ukrainian attacks on Russian refineries and the potential for a widening of the Israel-Hamas ...

Oil prices rose on Tuesday, underpinned by signs that demand may improve China and the US, the world’s biggest oil consuming nations, and growing concerns of a widening conflict ...

Be warned: Cyprus motorists could be hit with hikes of 25 cents/litre by the end of the year By Charles Ellinas With Cyprus finance minister announcing that he will not ...

Kremlin spokesman Dmitry Peskov said on Thursday that Russia was working with partners amid unprecedented pressure from the US and European Union after Reuters reported Moscow was experiencing some delays ...

The electricity authority (EAC) has been left in the lurch and smart meter installation has again fallen into a state of limbo, after the administrative court’s decision to forbid ...

Energy Minister George Papanastasiou travelled to Israel on Wednesday to meet his Israeli counterpart Eli Cohen. The pair are set to discuss the planned electrical interconnector which, if constructed, will ...

Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more ...

Oil was little changed on Tuesday after rising in the previous session as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks ...

Oil prices were little changed on Friday, with global benchmark Brent hovering above $85 per barrel, as the possibility of a ceasefire in Gaza gained traction. Brent crude futures were down 2 ...

The liquefied natural gas (LNG) terminal in Cyprus is back on track and should be finished by the end of the year, China’s ambassador to Cyprus said on Thursday. “...

Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors braced for the US Federal Reserve’s interest rate policy announcement later in the ...

Oil prices dipped on Tuesday due in part to the prospect of rising supply from Russia, slower-than-expected downstream demand in sectors such as jet fuel, and cautious trading ahead of ...

President Nikos Christodoulides on Saturday paid a visit to the liquefied natural gas (LNG) terminal ahead of the now-confirmed restart of construction work. Speaking to journalists at the site, he ...

Oil prices edged lower on Friday but were on track to gain over 3 per cent for the week, boosted by the International Energy Agency raising its 2024 oil demand forecasts and ...

Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking infrastructure, a report by ...

A U.N.-backed banking climate coalition on Wednesday released updated guidance for members requiring them to disclose more about how they plan to cut carbon emissions, including for the ...

The introduction of a reliable tool for assessing the degree of compliance with ESG (Environmental, Social, Governance) criteria that companies must meet to ensure their sustainable development, will be introduced ...

High-level officials from the Chinese-led consortium responsible for constructing the liquefied natural gas (LNG) terminal at Vasiliko are expected to visit within the week, according to Energy Minister George Papanastasiou. ...

Britain is proposing to build new gas plants to improve energy security and risks facing blackouts without them, the government said on Tuesday. As part of efforts to meet climate ...

Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years ...

Opposition party Akel on Monday reiterated their call on government to make moves to drive down electricity costs for households and businesses, while demanding that light be shed on the ...

By Theodoros Zachariadis The European Union adopted the European Climate Law (Regulation (EU) 2021/1119) in 2021, which requires the EU to reach net zero emissions in 2050 – that is, if emissions still exist, ...