Electricity prices have gone down 17.5 per cent, CERA boss says
By Peter Stevenson LAST year saw a significant reduction in the price of electricity according to Cyprus Energy Regulatory Authority (CERA) chief George Shammas with
Energy
‘Noble exploring floating LNG option’
By Elias Hazou NOBLE Energy, aware that discovered reserves in Block 12 are insufficient for an onshore liquefied natural (LNG) plant, has reportedly proposed other
Petroleum sales down
THE total sales of petroleum products in November 2013 decreased by 18.6 per cent compared to the previous month. Figures released by the Statistical Service showed
‘Emergency meeting’ called on interim gas
By Elias Hazou AN ‘emergency’ meeting was convened in Nicosia on Tuesday to discuss the roll-out of a planned second tender for interim gas supplies.
Interim gas supply tender delayed
By Elias Hazou The Natural Gas Public Company (DEFA) has delayed announcing a new tender for interim gas supplies to be used for domestic electricity
Greece seals natural gas privatisation deal with Azeri company
Greece agreed on Saturday to sell the operator of its natural gas grid operator to Azerbaijan’s state energy company, in a 400-million-euro deal that drives
Cyprus could raise €80m from carbon credits
By Elias Hazou Over the course of the next seven years (2014 to 2020), Cyprus may raise some €80m from the auctioning off of carbon
Gas plans have precedence over oil for Noble
By Elias Hazou NOBLE Energy sought yesterday to manage expectations on news that its Block 12 concession might hold up to 1.5 billion barrels of
Block 12 could hit oil jackpot
By Elias Hazou TIME will tell, but debt-ridden Cyprus may have hit the jackpot after Noble Energy announced yesterday that some 1.5 billion barrels of
Noble reports 3bln barrel oil potential between Cyprus and Israel
Some 3 billion barrels of oil may lie in deepwater strata between Cypriot and Israeli offshore fields, US-based Noble Energy disclosed on Monday. “Significant exploration
‘Shipping sector will benefit from gas industry’
By Angelos Anastasiou NATURAL gas reserves the Exclusive Economic Zone (EEZ) and the prospect of the island evolving into a regional energy centre with an
Laiki depositors want future gas stake
By Constantinos Psillides THE Association of Laiki Bank depositors met yesterday with President Nicos Anastasiades, presenting him with a proposal regarding monetary compensation from future
Seeking alternatives for heating homes
By Angelos Anastasiou WITH THE cost of traditional home-heating on the rise, Cypriots may start turning to more affordable options, with gas-fuelled central heating and
Noble looking at further opportunities
By Elias Hazou NOBLE Energy, operators of the Block 12 offshore license, have conceded that additional discoveries of natural gas are probably needed to justify
Noble plans further exploratory drilling in Block 12
NOBLE Energy, operators of the Block 12 offshore licence, are planning further exploratory drilling towards the end of 2014, officials said on Monday. The Houston-based
ENI-KOGAS talks ended for ‘purely commercial reasons’
By Poly Pantelides Just a few months after the government suggested to an Italian-South Korean consortium to start talks on exploration concessions for offshore blocks
Green light for second interim gas tender
THE CABINET yesterday gave the go-ahead for the launch of a second tender for interim supplies of natural gas for the purpose of domestic electricity
Kasoulides: hydrocarbons a tool of foreign policy
By Stefanos Evripidou ΗYDROCARBON reserves could do for the Eastern Mediterranean what coal and steel did for Europe after the Second World War, said Foreign
Ukraine PM calls for end to tension, but police brace for action
By Richard Balmforth and Thomas Grove Ukraine’s embattled prime minister Mykola Azarov warned protesters on Wednesday they would be punished if they broke the law
Energy MoU signed with Palestine
ENERGY Minister Giorgos Lakkotrypis on Tuesday signed a Memorandum of Understanding (MoU) on energy cooperation between Cyprus and Palestine following a meeting with chairman of