Energy

There are millions of euros ready to deploy from the Cyprus Recovery and Resilience Plan (RRP) to modernise the energy sector. But parliament may not be ready to make the ...

The Electricity Authority of Cyprus (EAC) has confirmed that the Cyprus Energy Regulatory Authority has approved the EAC’s new fuel rates and basic prices for energy produced from renewable ...

Oil prices fell on Monday due to concerns over fuel demand caused by the spread of COVID-19 variants and as changes to import rules in China offset expectations of tight ...

German Chancellor Angela Merkel and US President Joe Biden on Thursday reached an agreement on the Nord Stream 2 pipeline that will carry gas from Russia to Europe, bypassing Ukraine, on ...

Singapore unveiled on Wednesday one of the world’s largest floating solar panel farms, spanning an area equivalent to 45 football fields and producing enough electricity to power the island’s ...

Universal Hydrogen, a US firm that aims to do for clean fuel what Nespresso did for coffee, is poised to announce preliminary hydrogen deals with airlines including Icelandair, Airbus, and ...

The European Commission (EC) plans to impose a carbon surcharge on products entering the EU from third countries, through a Carbon Border Adjustment Mechanism (CBAM), likely to be phased in ...

The government on Tuesday submitted to parliament three bills aiming to open up the electricity market in Cyprus in line with EU regulations. Together, the three bills set out the ...

Oil slumped on Monday over concerns about spreading Covid-19 variants derailing the global economic recovery that has brought fuel demand to near pre-pandemic levels, while tight crude supplies kept prices ...

Cyprus sees the Eastern Mediterranean gas findings as a means for sustainable growth and a vital tool in the transition towards clean energy, the Minister for Energy, Commerce and Industry ...

Saudi Arabia’s energy minister pushed back on Sunday against opposition by fellow Gulf producer the United Arab Emirates to a proposed OPEC+ deal and called for “compromise and rationality” ...

President Vladimir Putin signed legislation on Friday that will require businesses to report their greenhouse gas emissions and has been described as Russia’s first step towards carbon regulation to ...

Kremlin-controlled gas giant Gazprom has held off from booking additional capacity for gas supplies via Ukraine to meet surging demand in recent months, sending a clear sign it is waiting ...

Oil rose almost $2 on Thursday, supported by the prospect of strengthening demand, lower US stocks and a Reuters report that OPEC+ producers could increase output in the coming months. Brent ...

Britain has published a list of the number of free UK carbon permits each aircraft operator will receive from 2021-2025 under the country’s domestic emissions trading system (ETS), the ...

Lebanon’s government raised fuel prices by more than a third on Tuesday, a move aimed at alleviating crippling shortages but which will mount pressure on impoverished consumers. The government ...

Lebanon’s caretaker prime minister on Friday approved a proposal to finance fuel imports at the rate of 3,900 Lebanese pounds to the dollar, instead of the previous 1,500 pound rate, amidst ...

Oil prices dipped on Thursday but still held close to their highest in almost three years, supported by drawdowns in US inventories and accelerating German economic activity. Doubts about the ...

Countries in the oil-exporting Gulf will remain heavily dependent on hydrocarbon production for at least the next ten years as efforts to diversify economies have made limited progress since the 2014...

Turkey has shared data on its Black Sea discovery with US energy majors Chevron and Exxon Mobil ahead of possible cooperation in extracting the gas, a Turkish official with knowledge ...

Britain has set up a group of experts to help it classify climate-friendly assets and stop “greenwashing” of investments that don’t live up to their sustainable credentials. Britain is ...

Lebanon’s President Michel Aoun approved an exceptional loan of up to 300 billion Lebanese pounds ($200 million) on Monday for the state electricity company to import fuel for generation before supplies ...

European Union countries on Monday approved the bloc’s flagship fund to wean them off fossil fuels and protect communities most affected, paving the way for members to start receiving ...

Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week’s talks between Iran and world powers over a nuclear deal that ...