Energy

Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply. ...

US representatives Gus Bilirakis and Nicole Malliotakis have criticised the US government’s unilateral move to reverse its policy on the EastMed pipeline, noting that the US State Department seems ...

Cyprus’ representation at the Egypt Petroleum Show (EGYPS) in Cairo, which concluded on Wednesday, was a success, national promotion agency Invest Cyprus said on Friday. The agency said that Cyprus’ ...

By Maria Demertzis The Maastricht treaty, signed thirty years ago this year, committed European Union countries to the greatest step in integration they’d so far taken. It established European ...

Pandemic restrictions in 2020 reduced the European Union’s oil and petroleum consumption in energy use to its lowest in 30 years, the bloc’s statistics office said on Friday. Eurostat said ...

The Ministry of Energy, Commerce and Industry on Thursday announced a range of programmes to support households and businesses, worth €158 million in total, scheduled for launch throughout 2022. During a presentation ...

Cyprus Energy Ministry’s Permanent Secretary Marios Panayides chaired the 17th Summit of the Executive Council of East Mediterranean Gas Forum (EMGF) which unanimously approved its work programme for 2022, including ...

Energy Minister Natasa Pilides travelled to Egypt earlier this week to attend the Egypt Petroleum Show (EGYPS) in Cairo, an oil, gas and energy conference in which Cyprus is participating ...

Renewable energy accounted for 37.1 per cent of the total energy used for heating and cooling in Cyprus in 2020 – the ninth highest rate in the EU and up from 19.97 per cent ...

President Nicos Anastasiades discussed the government’s Climate Change Initiative and developments in the Cyprus problem at the ‘One Ocean’ international summit in Brest, France, on Friday. According to government ...

Saudi Arabia and the United Arab Emirates (UAE) could help to calm volatile oil markets if they pumped more crude, the International Energy Agency (IEA) said on Friday. The UAE ...

Egypt’s natural gas exports are expected to rise to 7.5 million tonnes by the end of this fiscal year, Petroleum Minister Tarek El-Molla said on Thursday. Egypt’s gas exploration ...

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 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 ...

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 ...

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, ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...