Japan diverting LNG to Europe, extra cargoes arriving in March
Japan has decided to divert some LNG cargoes to Europe in response to requests from the United States and European Union, with the extra shipments expected to arrive in March, ...
Greece says energy financial support since September exceeds 2 bln euros
Greece will subsidise power bills for households and businesses facing soaring energy prices for a sixth consecutive month in February, the energy minister said on Wednesday, taking the total cost ...
Energy prices lift BP profits to 8-year high
BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated plans to cut emissions with ...
UK in a first awards offshore wind power a contract to help stabilise grid
Britain’s National Grid ESO (NG.L) has for the first time awarded a contract to an offshore wind farm to help keep voltage levels in the power network stable, ...
Energy minister says state will press for best terms over delayed LNG contract
The government said Monday it will use any safeguards afforded to it in the contract governing the LNG import terminal, sounding an upbeat note that any differences with the contractor ...
LNG project: Problems from the outset
More than two years after the contract signed to build a liquefied natural gas import terminal at the port of Vasilikos, the project is stuck at 4 per cent at most, ...
Radical new choices may be needed for LNG imports
The current project has a long, and likely tortuous, way to go
This is further to my article in the Cyprus Mail last Sunday. Since then, the debate over the ...
Oil shipments in European oil hub delayed after cyber attacks
Tanker and barge shipments in and out of Europe’s biggest oil hub have been delayed by up to a week as four storage companies scramble to resume operations after ...
LNG terminal to be delivered by July 2023
Work to build the LNG terminal at Vasiliko is expected to start around the end of February with a view to delivering the multi-million-euro project by July 2023, the Cyprus News ...
Britain scrambles $12 billion to soften 54 per cent household energy price blow
Energy prices for millions of Britons will soar from April after a 54 per cent hike to the regulatory price cap, forcing the government to stump up 9 billion pounds ($12 billion) of ...
President urges ministries to speed up LNG project
President Nicos Anastasiades on Thursday instructed government departments to do what they can to speed up the project for the import of liquefied natural gas (LNG).
A meeting held at ...
Consumption of electricity from RES increased but percentage still low
In 2020, renewable energy sources (RES) made up 37 per cent of gross electricity consumption in the EU, up from 34 per cent in 2019, according to data released by Eurostat, the statistical office ...
Cyprus Business Now
The Cyprus Deputy Ministry of Shipping announced on Friday the expiration of the deadline for the submission of tenders to establish a passenger maritime link between Cyprus and Greece, as ...
Cyprus energy: the need for electrical interconnection
We are all aware of the US State Department statement on 10 January finally abandoning the East-Med gas pipeline. Predictably, that attracted most of the attention, but a key part of ...
Oil hits highest since 2014 on Russia-Ukraine tension
Oil rose to a seven-year high close to $90 a barrel on Wednesday, supported by tight supply and geopolitical tensions in Europe and the Middle East that raise concerns about further ...
Renewable energy programmes a success, ministry says
The Cyprus Minister of Energy, Commerce and Industry announced this week that its commercial renewable energy system incentive schemes, including for the creation of photovoltaic parks, have been deemed successful.
...
Electric cars hit 65 per cent of Norway sales as Tesla grabs overall pole
Electric cars made up nearly two thirds of Norway’s new sales in 2021, with Tesla the top selling automobile brand overall, as the country pursues its goal of becoming the ...
OPEC+ expected to stick with planned Feb output increase, sources say
OPEC+ is expected to stick to its plans to increase output in February when it meets on Tuesday, seeing a mild and short-lived impact on demand from the Omicron coronavirus ...
Germany welcomes EU ‘green’ energy plan on gas, still opposes nuclear
Germany on Sunday welcomed a plan by the European Union to label some natural gas energy projects as “green” investments, but stressed its opposition to a proposal to do the ...
Northvolt battery plant sparks into life, a first for Europe
Sweden’s Northvolt said on Wednesday its new gigafactory in northern Sweden has assembled its first battery cell, making it the first European company to design and manufacture a battery ...
EU drafts plan to label gas and nuclear investments as green
The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly ...
Bringing nuclear fusion to Cyprus: the key to sustainable energy?
Fusion Reactors CEO Christos Stavrou is unequivocal when he speaks about the potential value of fusion technology, both in terms of its use to the world, but also to Cyprus.
“...
Cyprus saw significant drop in energy consumption in 2020 – Eurostat
Cyprus was one of the countries where the largest reduction in both primary as well as final energy consumption was recorded last year, according to data released by Eurostat, the ...
European gas prices hit record as Russian flows via Yamal reverse
European gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched to flow east, a move the Kremlin said had no ...