Energy

In a recent address at the 11th Annual Energy Symposium, Nikos Trypatsas, Deputy General Director of the Cyprus Stock Exchange (CSE), underscored the significant interest the exchange has shown in ...

The house plenum ratified on Thursday the framework agreement for the accession of Cyprus to the International Solar Alliance. Forty-one MPs voted in favour, while four MPs voted against, and ...

Russian fuel producers have been told by the government to prepare for the scrapping of all remaining restrictions on the export of diesel and gasoline, three industry sources told Reuters ...

Energy Minister George Papanastasiou on Thursday presented the €30 million scheme aiming to increase the use of photovoltaic panels in Cyprus which will in turn reduce home electricity bills. The revised ...

Israel’s Newmed Energy LP announced on Wednesday that the final decisions regarding the development of the ‘Aphrodite’ gas field will be made on November 20. The company also said that ...

The Dhekelia power station will continue to operate and will be modernised, according to a joint energy ministry and electricity authority (EAC) decision announced on Wednesday. Speaking to state broadcaster ...

As industrial processes become more complex and our reliance on various gases grows, the need for effective gas detection becomes increasingly evident. The consequences of failing to detect the presence ...

Energy Minister George Papanastasiou revealed on Tuesday what Cyprus’ proposal to break the deadlock with Chevron’s negotiations on the Aphrodite gas field entails. In an interview with AlphaNews, he ...

Biofuels and their alternatives play an important role in the global shift toward renewable energy to combat climate change. In 2019, global biofuel production surged past 1,800 barrels. This marked a substantial ...

The European Investment Bank (EIB) is in the process of formulating a decision on the EuroAsia Interconnector, its president Werner Hoyer said on Monday. His comments were understood to leave ...

Top oil exporters Saudi Arabia and Russia confirmed on Sunday they would continue with their additional voluntary oil output cuts until the end of the year as concerns over demand ...

Cyprus will respond to a request from Chevron to extend a deliberation period for the ‘Aphrodite’ gas field in the exclusive economic zone (EEZ) within the day, Energy Minister George ...

Here are the top business stories in Cyprus from the week starting October 30: The Cyprus Economic Sentiment Index (ESI) saw a minor decline in October, primarily influenced by the weakening ...

Cyprus is considering the possibility of granting a new extension for negotiations with Chevron and is determined to exhaust every opportunity for negotiations until the very last moment, the Cyprus ...

The government on Friday welcomed the unanimous approval by the House of Representatives of the bill reducing fuel tax rate, aiming to relieve Cypriot consumers in a period of inflation. ...

The “Solar panels for all” plan will be formally announced next year, Energy Minister George Papanastasiou said on Friday. Papanastasiou was addressing the House finance committee and told them the ...

Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook ...

The managing company of the Aphrodite gas field “leaves us in uncertainty,” Energy Minister George Papanastasiou said on Friday. Speaking ahead of a meeting with Chevron President Clay Neff, and ...

Electricity subsidies and financial assistance for photovoltaic installation have started being provided to people with laryngeal cancer thanks to the advocacy of a local charity. The association of cancer patients ...

Shell (SHEL.L) on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced share buybacks ...

Energy Minister George Papanastasiou said on Wednesday he believed a solution will be found to issues that arose with Chevron and the state over development plans of the Aphrodite gas ...

Oil prices edged up in Asian trade on Wednesday ahead of key meetings of global central banks this week, including the US Federal Reserve, while the market closely watched the ...

HELLENiQ ENERGY, formerly known as Hellenic Petroleum, on Tuesday announced the acquisition of six solar parks in Cyprus with a total capacity of 26 MW. According to the announcement, this strategic ...

Long-term conflict in the Middle East could delay projects for the development of natural gas fields, experts said on Tuesday as others postulated that in the three to four years ...