Energy

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 ...

Japan is set to push for more nuclear power in an energy policy update due next year, seeking stable electricity supply in face of growing demand and heightening geopolitical risks, ...

An outage affecting Norway’s gas exports to Britain that sent prices soaring on Monday will likely be repaired by Friday, easing supply crunch concerns but still serving as a ...

Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision at the weekend to boost supply later this year into a global market where demand ...

Hess (HES.N) shareholders this week approved the proposed $53 billion merger with Chevron (CVX.N) that paves the way for the No. 2 US oil company to gain a prize asset ...

Oil prices rose on Wednesday on expectations that major producers will extend output cuts at a meeting on Sunday and that fuel consumption will start rising with the start of ...

Cyprus’ Electricity of Authority (EAC) has approved works that will cost €45 million, it was reported on Wednesday. According to the head of the authority George Petrou, the EAC board of ...

Oil prices edged up in Asia on Tuesday, extending gains from the previous session, buoyed by expectations of strong fuel demand from the US during the summer, and ahead of ...

Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco (2222.SE) as soon as June in what would be one of the region’s biggest stock deals, two ...

The Electricity Authority of Cyprus (EAC) has begun examining what tariff hikes it will impose for 2025, the head of the state-run utility said on Monday. Giorgos Petrou, board chairman at ...

The Cyprus Stock Exchange (CSE) and the Hellenic Energy Exchange (HEnEx) will sign a Memorandum of Understanding (MOU) governing negotiations on the secondary market of Guarantee of Origin certificates from ...

Oil prices crept up on Thursday, clawing back some of the previous three days’ losses despite the US Federal Reserve entertaining further tightening of interest rates if inflation remains sticky, ...

The London-based independent exploration and production company Energean, which specialises in developing resources across the Mediterranean, on Thursday announced the discovery of new gas findings, in the context of disclosing ...

Shell (SHEL.L) expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some ...

The Cyprus University of Technology (Tepak) and the Polemidia municipality announced on Wednesday that they have agreed to jointly develop a photovoltaic (PV) park with a total capacity of approximately 9 ...

The Vasiliko liquified natural gas (LNG) project is “not shipwrecked” President Nikos Christodoulides said on Tuesday after widespread speculation that the project’s future was looking increasingly dire. Christodoulides, in ...

Researchers are helping residents across the EU opt for clean energy. By Helen Massy-Beresford Europe has a common goal of clean energy and numerous paths towards it. One of the ...

The day before Elon Musk fired virtually all of Tesla’s electric-vehicle charging division last month, they had high hopes as charging chief Rebecca Tinucci went to meet with Musk ...