Energy

Energy Minister George Papanastasiou hinted Thursday the government may terminate the contract with the CPP consortium with the contract to build the liquefied natural gas (LNG) terminal at Vasiliko. His ...

The European Union sees no need to extend an agreement to transport Russian gas to Europe via Ukraine, ahead of the contract’s planned expiry at the end of the ...

Oil prices fell on Thursday after a larger-than-expected jump in US crude inventories raised doubts about the strength of demand in the world’s largest economy and top oil consumer. ...

Consulting and advisory firm PwC Cyprus has marked a significant achievement in its journey towards achieving net zero greenhouse gas (GHG) emissions, with the company successfully transitioning to using 100 per ...

Oil prices rose on Wednesday, reversing earlier losses, as major producer group OPEC kept to their relatively strong forecast for demand growth this year and an industry report showed a ...

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying there was further ...

The Great Sea Interconnector is a “landmark project”, President of the House finance committee Christiana Erotokritou told the European parliament in Brussels on Tuesday. She said the cross-border benefits of ...

The chairman of the electricity authority (EAC) on Tuesday asked for consumers to stay patient a little longer while information regarding prices is being examined. The forecasts that led to ...

Oil prices rose slightly on Tuesday on fears Middle East tensions could disrupt supply, but uncertainty about the pace of potential US interest rate cuts and the ensuing impact on ...

Saudi Arabia’s U-turn on its oil capacity expansion plans was because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare ...

By Elias Hazou and Iole Damaskinos Speculation was ongoing on Monday as to the fate of consumers regarding electricity costs as deliberations between the electricity authority (EAC) and the energy ...

Oil prices fell in early Asian trade on Monday after Israel said it had “concluded” a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle ...

The Cyprus Electricity Authority (EAC) did not decide on electricity hikes on Friday, passing the responsibility to the Cyprus Energy Regulatory Authority (Cera) for failing to decide on price adjustments. ...

Barclays (BARC.L), Britain’s biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more ...

Germany’s Economy Ministry informed Rosneft earlier this week that it was considering expropriating shares in the company’s German assets, the Russian oil giant’s law firm in Germany ...

Cyprus and Egypt have a bilateral strategic relationship that contributes positively to the security and stability of the Eastern Mediterranean, the foreign ministers of both countries said on Thursday, after ...

Disy MPs were irked on Thursday that the interior minister was reluctant to allow farmers to instal photovoltaics without first acquiring a building permit. The discussion stemmed from a bill ...

There are “no plans” to close the Dhekelia power station, electricity authority (EAC) chairman Giorgos Petrou said on Thursday. He was speaking during a visit to the power station, and ...

Big Oil firms are handing shareholders more money than ever and are promising more going forward in an attempt to reassure investors of their discipline and resilience in the face ...

The cabinet has authorised the finance minister and the energy minister to make a final investment decision on the Great Sea Interconnector. Following a cabinet meeting on Wednesday, Energy Minister ...

Oil prices rose for a third day on Wednesday after US crude inventories grew less than expected and a cut in the forecast for output growth in the US, the ...

The share of renewable energy sources in transport in Cyprus stood at 7.2 per cent in 2022, without significant change compared to 2021, according to a report released this week by Eurostat, the ...

BP (BP.L) reported fourth-quarter earnings of $3 billion on Tuesday, exceeding forecasts thanks to strong gas trading, and increased the pace of its share repurchases in a sign of confidence ...

The Electricity Authority of Cyprus (EAC) may end up hiking its rates by up to 25 per cent should it win an ongoing case in court, MPs heard on Monday. Andreas ...