Energy

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 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 ...

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 ...

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 ...

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 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 ...

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 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+ 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 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 ...

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 ...

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 ...

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 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 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 ...

Oil prices dipped towards $74 a barrel on Tuesday after the International Energy Agency (IEA) said that the new Omicron coronavirus variant was set to dent the global demand recovery while ...

The Minister of Energy, Commerce and Industry Natasa Pilides, is in Houston to attend the World Petroleum Congress where she had meetings scheduled with foreign counterparts, US state officials and ...

Oil prices climbed on Friday after the producer group OPEC+ said it could review its production hike policy at short notice if oil demand collapsed due to a rising number ...

Royal Dutch Shell (RDSa.L) said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists ...

Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration licence in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding it will not allow unauthorised ...

The cabinet on Thursday awarded natural gas exploration rights for an offshore block to a consortium made up of ExxonMobil and Qatar Petroleum. Energy Minister Natasa Pilides said ExxonMobil would ...

Chamber of Commerce and Industry president Christodoulos Angastiniotis expressed ‘strong reservations and concerns’ about the potential introduction of the minimum wage in Cyprus on Wednesday, adding that the current system ...

BP (BP.L) said on Monday it plans to set up a large-scale green hydrogen production plant in northeast England, generated with wind, water and solar energy to aid Britain’...

Oil rebounded by almost 5 per cent on Monday to $76 a barrel as some investors viewed Friday’s slump in oil and financial markets on concern about the Omicron coronavirus variant ...