Energy

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, ...

Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships ...

The Tenders Review Authority on Thursday saved the state from a potential major headache – losing out on EU funds – by ruling that a contract awarded for the installation of smart ...

The government intends to participate in the Great Sea Interconnector project alongside Greece and Israel, provided that the conditions set by the cabinet will be fulfilled, Finance Minister Makis Keravnos ...

Oil prices held steady on Thursday, holding onto overnight gains after upbeat Chinese trade data and after US data showed a smaller-than-expected rise in crude inventories and large draws in ...

The energy regulator (Cera) on Wednesday ruled out a price increase on electricity bills. According to a Cera board decision, “It was decided to keep in force for the year 2024 ...

Cyprus has been urged to cough up its €100 million financial share in the Great Sea Interconnector project in a meeting between Finance Minister Makis Keravnos and Greece’s Independent Power ...

Cyprus’ Finance Minister Makis Keravnos met with the chairman of Greece’s Independent Power Transmission Operator (Ipto) Manousos Manousakis, according to an announcement released on Tuesday evening. The announcement said ...

One of Turkey’s mid-sized Mediterranean oil terminals – the Dortyol terminal – will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by ...

Authorities in Cyprus risk losing out on EU funds unless they quickly come to a final arrangement concerning the purchase and installation of smart meters, the boss at the Electricity ...

Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on Sunday. Brent futures climbed 14 cents to $83.69 a barrel ...

Eurostat’s latest data reveals a compelling shift in the landscape of Renewable Energy Sources (RES) for heating and cooling within the European Union. The year 2022 witnessed a substantial surge, ...

The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in February and January, according to a Reuters ...

The vice president of the European Investment Bank (EIB) Kyriacos Kakouris on Thursday confirmed that the EIB’s stance on the Great Sea Interconnector, the electrical interconnection project between Cyprus, ...