Energy

Cyprus aims to solve its energy storage problem within the next 18 to 24 months, so that the energy generated from renewables doesn’t go to waste, the energy minister said on ...

Positive news is expected from the findings of the third drill in the Aphrodite natural gas field in Cyprus’ exclusive economic zone (EEZ), to test the quality and quantity of ...

The Energy ministry outlined the general policy framework for energy storage systems on Friday. The ministry also said the implementation of the aid plan for renewable energy source-based projects with ...

We should have submitted our publicly consulted energy and climate plan to the EU by now. There’s no sign of that In a comparatively little-reported speech on June 27, at ...

Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world’s biggest oil exporters Saudi Arabia ...

Iraq and French oil major TotalEnergies (TTEF.PA) on Monday signed a long-delayed $27 billion energy deal that aims to increase oil production and boost the country’s capacity to produce ...

Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, though expected crude ...

Energy Minister George Papanastasiou refrained from commenting on Saturday over concerns that EU funding for the EuroAsia Interconnector is at risk due to delays in meeting milestones. Speaking to the ...

Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in US oil stockpiles, offsetting fears of ...

Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against the backdrop of an uncertain global economic outlook. Brent crude ...

Saudi Arabia and Russia, the world’s biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further interest rate ...

Oil prices fell on Monday as concerns about a global economic slowdown and possible further interest rate hikes from the US Federal Reserve weighed on prices, offsetting forecasts of tighter ...

Here are the top business stories in Cyprus from the week starting June 26: Bars and restaurants across Cyprus experienced a notable decline in occupancy rates, with the drop in guests ...

Exxon Mobil (XOM.N) has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc (TTI.N), the second move this year by the oil giant for ...

The highly polluting Dhekelia power plant must be upgraded because it is “very important” for the state, Energy Minister Giorgos Papanastasiou said on Friday. His statements are in line with ...

Greece’s independent power transmission operator (IPTO) and EuroAsia Interconnector have concluded a strategic agreement allowing the former to acquire 25 per cent of the EuroAsia share capital. “The entry of ...

The government has spent some €440 million to cushion consumers from the financial impact of the ongoing global energy crisis, while making other moves aimed at driving down the cost of ...

The two technical committees appointed by Cyprus and Israel, tasked with putting plans into actions on electricity and natural gas projects, are to begin contacts within 15 days. Energy Minister George ...

Disy and Akel MPs reacted on Thursday to the scrapping of relief measures for fuel and electricity, arguing that the summer months were the worst possible time to end the ...

By Andria Kades and Iole Damaskinos Fuel subsidies will be scrapped but electricity bill subsidies will continue albeit more targeted towards vulnerable groups, the cabinet decided on Wednesday. The measure ...

Total petroleum product sales in Cyprus reached 122,581 metric tons in May 2023, marking a 1.4 per cent increase compared to May 2022, according to a report released this week by the Cyprus Statistical ...

By Efi Xanthou On Friday, June 23, the House of Representatives hosted a seminar presenting part of the Fit for 55 EU package, essentially the EU’s target of reducing net greenhouse ...

In a speech delivered at the Hydrogen & Green Gases Forum held last week in Athens, Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas emphasised that until the completion of ...

As Israel looks to expand its energy capacity by turning to renewables, Cyprus has pitched itself as a potential provider of such power through a subsea electricity interconnector between the ...