Energy

Companies including Nestle (NESN.S) ‌and Ikea (IKEA.UL) on Monday urged governments to make electrification central to their economic strategies, to help reduce exposure to volatile fossil fuel costs ...

The preliminary agreement between the United States and Iran is expected to lead to further reductions in fuel prices, the energy ministry said on Monday. “There was a de-escalation in ...

The question is no longer whether Cyprus needs a long-term energy plan. The question is what such a plan should include. A successful energy strategy must provide a coherent framework ...

Recent warnings from the International Monetary Fund (IMF), concerns raised by the auditor-general and growing criticism from energy experts all point to the same conclusion: Cyprus urgently needs a comprehensive ...

Greenhouse gas emissions in Cyprus have increased by 10.7 per cent over the past decade, placing the nation among a small group of European Union countries that have seen their output ...

Aphrodite project strengthens Cyprus’ regional energy role US energy company Chevron sees Cyprus as a key part of the East Mediterranean’s energy future, with the Aphrodite gas field moving ...

The agreement between the US and Iran to end their military standoff has brought immediate relief to international markets, sending oil prices lower and easing fears over energy supplies.  However, ...

Retail fuel prices in Cyprus are expected to fall further in the coming days, following a series of reductions over the past month, according to Consumer Protection Service director Constantinos ...

European Union households consumed 9.54 million terajoules of energy throughout 2024, according to Eurostat, marking a marginal decline of 0.2 per cent from the 9.57 million terajoules recorded in 2023. The latest data highlights that ...

Wind turbine production across the European Union has shown renewed growth after years of volatility, with output reaching its highest level in a decade in 2024, according to Eurostat. The statistics ...

Energy Minister Michalis Damianos used his participation at the 10th Ministerial Meeting of the East Mediterranean Gas Forum (EMGF) in Washington to stress that current geopolitical developments make it essential ...

The European Union’s industry sector consumed 8,835 petajoules (PJ) of energy in 2024, marking an 8.1 per cent decline compared with 2014, according to newly released data from Eurostat. The figures also showed ...

Heating and cooling account for around 70 per cent of household energy consumption in Cyprus, with cooling degree days reaching 610 per cent of the European average, according to a report published ...

Energy policy in Cyprus must move beyond pre-election slogans towards a coherent long-term national strategy, according to Andreas Poullikkas, professor of energy systems at Frederick University and former chairman of ...

The ports authority on Friday announced a tender for consulting services related to the planned €350 million expansion of the Vasiliko port in Mari. “The announcement constitutes an essential step for ...

Total petroleum product sales in Cyprus fell by 5 per cent year-on-year in April 2026, as the island continued to feel the effects of rising fuel prices and broader energy market volatility ...

The global oil and marine fuel market is moving into a more uncertain period, as tensions in the Middle East, restrictions around the Strait of Hormuz and changes in Russian ...

Battery storage firms in the US are seeing surging interest from power-hungry AI data centers, but lengthy queues to connect to the grid and a supply chain heavily dependent on ...

On 19 May Cyprus approved the Development and Production Plan of the Kronos gasfield in block 6 by the ENI-TotalEnergies consortium. This focuses on a fast-track, subsea tie-back to the existing Zohr ...

Fuel prices across the European Union surged in April, with Cyprus recording one of the steepest monthly increases in diesel costs, reflecting broader energy market pressures. According to a report ...

Energean announced on Wednesday it has restored group production to over 150,000 barrels of oil equivalent per day, following the restart of the Energean Power FPSO in Israel after a 41-day ...

Cabinet on Tuesday approved the development and production plan for the Kronos gas field, which is located in Block 6 of Cyprus’ Exclusive Economic Zone (EEZ), with President Nikos Christodoulides stressing ...

The European Central Bank (ECB) has published a paper warning that Europe’s fragmented energy system continues to expose firms to high and uneven energy costs, with particular implications for ...

The launch of Cyprus’ competitive electricity market represents an important modernisation step, but stronger regulatory safeguards are essential to prevent market distortions and protect consumers, according to energy expert Andreas ...