Energy

Global investments in fusion energy hit a record of $4.48 billion in the ‌year since last July, according to a survey released this week, a milestone driven by hopes the emerging ...

Europe is already being forced to reconsider how it keeps fuel moving through an increasingly volatile world. Now, as the crisis in the Strait of Hormuz exposes the fragility of ...

The euro area recorded a trade in goods deficit of €7.8 bn in May 2026, marking a significant reversal from the €15.0 bn surplus observed during the same month last year, according to ...

Cyprus does not currently face a shortage of aviation fuel, Energy Minister Michalis Damianos said on Thursday, but added that authorities are keeping an eye on the situation. It was ...

The International Monetary Fund (IMF) has warned that the global oil market is facing severe risks as crucial shock absorbers are rapidly depleting following the recent conflict in the Middle ...

The governments of Cyprus and Lebanon, as well as the World Bank, on Thursday agreed to prepare a preliminary feasibility study regarding the possibility of the connection of the two ...

The Great Sea Interconnector (GSI) will not automatically translate into higher electricity bills because its costs are recovered through a detailed European Union regulatory framework rather than being passed directly ...

Transport Minister Alexis Vafeades gave new reassurances on Tuesday that Cyprus faces no shortage of fuel stocks amid the continuing conflict in the Persian Gulf. Around 20 per cent of global ...

The Cyprus Employers and Industrialists Federation (Oev) is set to host a high-level workshop tomorrow, July 15, 2026, at 14:00 at its headquarters in Nicosia to address the urgent need for reducing the ...

‘Provided that we do not have any breakdowns’ Cyprus’ electricity grid is equipped to meet the increased demand which is forecast over the summer amid rising temperatures and the subsequent ...

Cyprus recorded one of the European Union’s widest gaps in home energy efficiency improvements between vulnerable and better-off households in 2025, according to new data released by Eurostat. The latest ...

The first two articles in this series concluded that the key question facing Cyprus is no longer whether natural gas is needed, but whether the current Vasiliko LNG import project ...

The Turkish government and the Turkish Cypriot authorities on Friday signed a memorandum of understanding which foresees the construction of a natural gas pipeline between Turkey and Cyprus. According to ...

Most tankers stranded in the Persian Gulf since the Iran conflict began have now left, but the vessels needed to keep the region’s oil exports moving are not returning.  ...

Fuel prices in Cyprus have fallen steadily in recent weeks but remain above the levels seen before tensions escalated between Israel and Iran, while uncertainty over developments in the region ...

Cyprus recorded the highest share of household energy consumption devoted to air conditioning and cooling in the European Union in 2024, according to figures released on Wednesday by Eurostat, highlighting the ...

For years, public debate in Cyprus has focused almost entirely on the international price of LNG. Every discussion about importing natural gas eventually arrives at the same question: what will ...

Trade unions representing workers at the Electricity Authority of Cyprus will escalate their industrial action from Thursday, while insisting that electricity generation will continue uninterrupted. Speaking to CyBC radio on ...

Steelmaker SSAB (SSABa.ST) is spending €6 billion to upgrade its operations, switching from coal to low-carbon hydrogen in a bet that European Union policies would reward lower-emission production and help ...

The supply of natural gas and renewable energy across the European Union grew during 2025, while the use of coal and petroleum products saw a continued decline, according to preliminary data ...

The European Central Bank (ECB) has warned that disruptions to trade through the Strait of Hormuz could have far-reaching consequences for the global economy, with supply shortages extending well beyond ...

Cyprus may find itself with insufficient electricity by 2030, opposition politicians warned on Thursday, calling on the government to get its act together fast. MPs were speaking to the press following ...

Energy expert Dr Charles Ellinas on Wednesday warned that the Cypriot government is likely offering “continuous concessions” to multinational energy corporations so as to persuade them to drill for natural ...

Two gas fields located in Cyprus exclusive economic zone (EEZ) were on Tuesday declared “marketable” by multinational energy corporations ExxonMobil and QatarEnergy. Both fields, the ‘Pegasus’ field and the ‘Glaucus’ ...