#Energy Minister George Papanastasiou

Cyprus on Wednesday officially launched its long-awaited competitive electricity market, which Energy Minister George Papanastasiou said should ultimately drive down costs for consumers. Speaking on the sidelines of the independence ...

The government is awaiting legal advice after the European Commission demanded the return of €67 million it had paid for the Vasiliko liquefied natural gas (LNG) terminal that was never completed, ...

The government is now pondering its options for appeal after the European Commission gave it until November 6 to repay a total of €67.2 million handed out in grants for the construction ...

The Republic of Cyprus will pay the €25 million demanded of it by Greece’s independent transmission system operator (Admie) when the Great Sea Interconnector project is being “implemented it in ...

The liquefied natural gas terminal at Vasiliko will be completed, Energy Minister George Papanastasiou promised on Tuesday. Addressing the House energy committee, he said the project “is feasible, should be ...

Energy Minister George Papanastasiou on Tuesday travelled to the State of Israel to meet his Israeli counterpart, Eli Cohen. According to his ministry, he will participate in a “roundtable discussion ...

The government is engaged in “damage limitation” following reports of “serious safety issues” regarding the construction of a liquefied natural gas terminal at Vasiliko, Energy Minister George Papanastasiou said on ...

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 ...

Businesses damaged by the recent wildfires in the mountain communities of Limassol will be compensated as quickly as possible for lost equipment and raw materials, Energy Minister George Papanastasiou confirmed ...

The finance ministry has asked “reasonable questions” regarding the Great Sea Interconnector project in its letter to the energy ministry, Energy Minister George Papanastasiou said on Tuesday. Speaking to CyBC ...

The way things are going, consumers can expect electricity prices to go through the roof and face power cuts at the same time, Electricity Authority scientific staff union (Sepaik) leader ...

There will be “no immediate exploitation” of the ‘Pegasus’ natural gas field, Energy Minister George Papanastasiou said on Saturday. Addressing the electricity authority’s scientific staff’s trade union Sepaik, ...

Energy Minister George Papanastasiou on Thursday visited the rig which recently completed drilling a well in Block 10 of the island’s exclusive zone. In a statement, the energy ministry said ...

The discovery of a natural gas reservoir at the Pegasus-1 site offshore Cyprus is “encouraging”, the energy minister said on Tuesday, a day after the government announced that drilling had ...

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 ...

Fuel prices in Cyprus are expected to see a sharp, but temporary, rise due to the conflict between Israel and Iran in the Middle East, Energy Minister George Papanastasiou said ...

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 ...

Cyprus expects the project promoter of the Great Sea Interconnector in Greece to implement the project, the energy minister said on Tuesday. In statements to the Cyprus News Agency, George ...

As Cyprus recovers from the disappointment over the failure to find commercially viable natural gas at the Electra-1 target, Energy Minister George Papanastasiou has said the outcome is not as ...

On Thursday, the House of representatives unanimously passed a bill that reforms the regulation of the electricity sector, paving the way for cheaper and cleaner energy. In a written statement, ...

The EU should undertake a more active role in finding solutions to the challenges faced by the Great Sea Interconnector (GSI) project, Energy Minister George Papanastasiou said on Friday. The ...

Cyprus has set itself the “ambitious” target of having a third of energy consumption derive from renewable sources by the year 2030, the energy minister said on Thursday, while also announcing ...

Energy Minister George Papanastasiou has been invited to appear before the House energy committee on Tuesday to update members on energy storage, hydrogen development and the liquefied natural gas (LNG) ...

A tender process with the aim of installing two new generators at the Dhekelia power station has begun, Energy Minister George Papanastasiou said on Friday. Speaking after a meeting with ...