Energy

Europe needs to rethink its energy strategy as growing renewable energy capacity has failed to deliver the expected reduction in electricity costs and market volatility, former Energy Minister Natasa Pilides ...

Sales of petroleum products in Cyprus increased by 1.5 per cent year-on-year in September 2026, reaching 146,963 tonnes, as higher sales of motor gasoline, liquefied petroleum gas and aviation kerosene outweighed declines in ...

The amount of natural gas extracted from Cyprus’ Kronos gas field will reach a total of 500 million cubic feet per day, Italian energy company Eni’s chief operating officer of ...

Italian energy company Eni is on Monday set to sign contracts worth $1.8 billion for the construction of the infrastructure which will allow for the natural gas in Cyprus’ Kronos gas ...

The European Union imported €11.4 billion worth of solar panels, biofuels and wind turbines in 2025, while exports of the same products totalled €4.6 billion, according to figures published by Eurostat. The data ...

European Union leaders have correctly identified high energy prices as a threat to households, industry and the wider economy, but their proposed response remains inadequate, energy systems expert Andreas Poullikkas ...

Turkish Foreign Minister Hakan Fidan on Wednesday said that his country will not object to the undertaking of seabed surveys between Crete and Cyprus ahead of the construction of the ...

Qatar plans to construct two power plants in Lebanon over the next three years and sign a 20-year liquefied natural gas supply deal under a proposal to revive the ailing ...

The final price tag for the Great Sea Interconnector (GSI) remains an unknown, while the project is now estimated to come online a year later than initially forecast, the energy ...

Cypriot members of the European Parliament on Tuesday evening stressed the importance of building up the Mediterranean region’s energy sector as the Strasbourg plenary session discussed the parliament’s ...

Energy Minister Michael Damianos on Monday stressed the Cyprus government putting money forward for the construction of the Great Sea Interconnector is conditional on there being progress made in its ...

The development of the Eastern Mediterranean into an interconnected energy corridor, capable of making a meaningful contribution to security of supply across the wider region, was at the heart of ...

Former Disy leader Averof Neophytou on Friday called for energy sanctions levied by the European Union on Russia to be lifted in light of rising energy prices in Cyprus and ...

Energy Minister Michael Damianos on Thursday said that a navtex, a message used to transmit information to seaborne vessels, will be issued before the end of the month to warn ...

Natural gas public company (Defa) chairman George Pistentis on Wednesday promised that issues which arose in the past related to efforts to build a natural gas liquefaction terminal in Vasiliko ...

HELLENiQ ENERGY has brought its first large-scale battery energy storage facility into operation in Thessaloniki, Greece, following an investment of approximately €50 million aimed at improving the use of renewable electricity. ...

While Middle Eastern oil exports have rebounded in recent weeks, Qatar’s vast liquefied natural gas export facilities remain hobbled. Until a durable resolution of the US-Israeli war with Iran ...

Cyprus and Israel will hold a new round of online talks next week to reach an agreement on the cross-border gas reservoir between Cyprus’s Aphrodite field and Israel’s ...

The deadline for expressions of interest in taking on the stalled construction project of a natural gas liquefaction terminal at Vasiliko passed on Friday, with Energy Minister Michael Damianos saying ...

The Great Sea Interconnector project is “no longer merely a Greek and Cypriot project” but a “European project”, Greek Prime Minister Kyriakos Mitsotakis said on Friday, of the cable which, ...

Fuel costs continue to weigh on Cypriot motorists, with diesel prices reaching €2.126 per litre at the most expensive pump in the country and petrol prices remaining on an upward trend ...

Middle East oil producers have launched a battle to recapture market share lost during the Iran war, setting current and former OPEC members on a collision course as traffic through ...

Finance Minister Makis Keravnos will press for measures to ease the impact of energy costs on households and businesses during Eurogroup and ECOFIN meetings in Luxembourg on October 8 and 9, 2026. In ...

Damianos highlights Cyprus’ gas potential at Athens energy conference Cyprus Energy Minister Michael Damianos has called for closer regional energy cooperation and greater use of existing infrastructure to develop Eastern ...