First gas from Kronos expected in 2027
Deals were signed on Monday for the commercial development of the Kronos gas reservoir located within offshore Block 6 of Cyprus’ Exclusive Economic Zone.
The agreements were inked on the sidelines ...
Chevron priorities and implications for Aphrodite
In recent interviews Mike Wirth, Chevron’s CEO, detailed the company’s priorities and plans for the foreseeable future. He said “so long as the world is using oil and ...
Kombos holds tripartite meeting with Egyptian, Greek counterparts
Foreign Minister Constantinos Kombos held a tripartite meeting with Egyptian Foreign Minister Badr Abdelatty and Greek Foreign Minister Giorgos Gerapetritis on the sidelines of the United Nations general assembly in ...
President meets Chevron executive in New York
Cyprus President Nikos Christodoulides met senior Chevron executive Javier La Rosa in New York on Monday night to discuss the development of the “Aphrodite” gas field and wider energy plans ...
Government criticised over mixed signals on energy projects
Main opposition Akel renewed criticism of the government’s handling of key energy infrastructure projects, accusing President Nikos Christodoulides’ administration of inconsistency, delays, and a lack of strategic planning.
In ...
Over 80,000 households affected by end of net metering in 2025
More than 80,000 households in Cyprus will be affected in the medium term by the government’s decision to end net metering at the close of 2025. However, many consumers remain unclear ...
Energy market to be opened to private companies on October 1
Cyprus’ energy market will be opened up to private companies on October 1, the energy regulatory authority (Cera) confirmed on Friday.
It said the move will “mark a new era in ...
Egypt’s foreign minister in Cyprus for high-level talks
Egypt’s Foreign Minister Badr Abdelatty is in Cyprus on Friday for official meetings. He is joined in Nicosia by Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi.
...
Energy problems were inherited from previous governments says minister
Problems in energy supply are due to mistakes of the past, Energy Minister George Papanastasiou said on Tuesday, acknowledging the existing grid is getting pushed to its limits.
“We had ...
Updated on
All of north’s electricity goes out after substation explosion
All of the north’s electricity went out on Friday morning after an explosion at a substation caused the grid to completely collapse.
The explosion occurred at around 5am at ...
EU energy chief hails GSI as key strategic project
The EU commissioner for energy has dubbed the Great Sea Interconnector (GSI) a project of “the utmost strategic significance” for Europe, according to media reports on Thursday.
In an interview ...
Contractor denies LNG ship had missing parts
The Chinese-led consortium which formerly held the contract to build a liquefied natural gas (LNG) import terminal hit back on Monday at reports that it had delivered a ship with ...
Pegasus delivers
Pegasus lived up to his name and delivered for ExxonMobil. It “gushed forth” gas from the depths of block 10. Pegasus’s name comes from the Greek word “pêgê,” meaning “...
‘What do you want me to do? Go to Dhekelia with a screw and do the work myself?’
Matters became heated between Energy Minister George Papanastasiou and the electricity authority’s scientific staff’s trade union Sepaik leader Marios Pappoutis at the union’s annual general meeting on ...
Vasiliko LNG terminal faces new review
Fresh questions are being raised over when the Vasiliko LNG terminal will finally be completed. The state-owned natural gas infrastructure company (Etyfa) has confirmed that the project remains under review, ...
Energy costs to put Limassol industries at risk
Soaring energy costs and suffocating bureaucracy are the biggest threats facing Limassol’s industries, Energy Minister George Papanastasiou has warned, pledging swift action to tackle the crisis.
Speaking after a ...
Exxon Mobil completes ‘successful’ drilling in Block 10
The latest drilling, due to have been completed on Sunday, in Exxon Mobil’s Block 10 was successful, Energy Minister George Papanastasiou said on Sunday, adding that results would be announced ...
Updated on
Cyprus–Crete power link at risk as Greece demands payment
A fierce row has erupted over the undersea electricity link between Cyprus and Crete, as Greece’s power grid operator on Tuesday warned it would halt work unless it gets ...
Energy transition amid geopolitical uncertainty
As Europe advances on a sustainable energy future, the challenge of building clean, reliable and affordable energy systems is both urgent and complex
Success in building a sustainable energy future ...
Launch of Cyprus’ competitive electricity market
It is now official. The commercial operation of Cyprus’ Competitive Electricity Market commences on September 15, with the first trading day on October 1.
It took an inordinate length of time to ...
Iran-Israel
Energy ministry calls on oil traders to show ‘maximum responsibility’
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 ...
Etek backs energy minister’s concerns over electricity market opening
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 ...
Minister praises Med9’s ‘common will to promote green strategy’
Energy Minister Geroge Papanastasiou on Tuesday praised the “common political will” of his eight counterparts from the European Union’s other ‘Med9’ states to “promote a coherent green development strategy”.
...
Unlocking East Med renewable energy potential
This is focused on Cyprus, Egypt and Israel. All three countries have abundant renewable energy potential, especially solar. But so far success in harnessing it is mixed. Cyprus produced 24 per ...