Energy

The Crete–Cyprus electricity interconnection is moving steadily forward, but only until August, according to reports that emerged on Tuesday.   Nexans, the French cable contractor, has confirmed it will continue ...

Oil prices edged down on Monday, after surging 7 per cent on Friday, as renewed military strikes by Israel and Iran over the weekend left oil production and export facilities unaffected. ...

The energy ministry on Sunday called on oil traders to demonstrate the “maximum responsibility” as the conflict in the Middle East sent oil prices soaring over the weekend. Meanwhile, the ...

Fuel prices are expected to rise sharply as a result of escalating tensions in the Middle East, chairman of the association of petrol station owners Savvas Prokopiou said on Friday. “...

President of the technical chamber Etek on Thursday said that the energy minister’s concerns about the opening up of the electricity market were reasonable and justified. In a written ...

The Cyprus Stock Exchange (CSE) announced on Thursday that it is now accepting applications for registration as direct and general clearing members for the competitive electricity market (CEM). The CSE ...

Energy Minister George Papanastasiou on Wednesday said there is “no way” that consumer electricity bills will go up by 9.5 per cent. Speaking after the day’s cabinet meeting, he described ...

OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate for earlier pumping above target and Saudi ...

Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures ...

Cyprus participated for the first time with a national event at the World Utilities Congress 2025, held at the Abu Dhabi National Exhibition Centre. The event aimed to showcase Cyprus’ strengths ...

The awareness of a greener future and its benefits is getting all the right attention in Europe. With the current climate conditions and with energy bills skyrocketing, every other person ...

Oil prices ticked up on Tuesday on concerns about supply, with Iran set to reject a US nuclear deal proposal that would be key to easing sanctions on the major ...

Seabed surveys to find a sinking point for the pipeline which will take natural gas from Cyprus’ exclusive economic zone (EEZ) to Egypt for liquefaction will begin this week, Energy ...

Energy Minister George Papanastasiou will attend this week’s meeting of energy ministers from the European Union’s ‘Med9’ states, which is set to take place in the town of ...

The floating storage and regasification unit (FSRU) Prometheas, which is to be used at the under-construction liquefied natural gas (LNG) terminal at Vasiliko, is to be certified for use in ...

Energy Minister George Papanastasiou on Friday said he is unsure whether the opening of Cyprus’ electricity grid to private companies will lower people’s electricity bills. Speaking to the Cyprus ...

The Electricity Authority (EAC) has sent out vouchers worth €20 each to vulnerable consumers for the purchase of energy-efficient LED bulbs, to replace their old ones, with the aim of reducing ...

The electricity authority of Cyprus (EAC) announced on Tuesday the next phase in the mass installation of smart meters, targeting homes and businesses across all districts from May 27 until mid-June. ...

Oil prices dropped by 1 per cent on Friday and were set for their first weekly decline in three weeks as US President Donald Trump recommended a 50 per cent tariff on ...

There is “no clear information” on whether or not the Great Sea Interconnector project, which would connect the electricity grids of Greece, Cyprus, and Israel, will proceed, energy expert Dr ...

Oil prices dropped by more than 1 per cent on Thursday after a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could exceed demand ...

Engineers from public natural gas infrastructure company Etyfa on Wednesday conducted an on-site inspection of the floating storage and regasification unit (FSRU) Prometheas as part of the certification process for ...

A proposal to tax the ‘windfall’ profits of producers and suppliers of renewables-generated electricity ran into stiff opposition from industry but also the government during a parliamentary debate on Monday. ...

The summer will find Cyprus “completely unprepared” in terms of energy sufficiency, Marios Papoutis, head of the EAC’s technical employees’ union (Sekaik) warned on Monday. Speaking on CyBC, the ...