#Energy Minister George Papanastasiou

Energy Minister George Papanastasiou on Thursday discussed ways to “speed up” the exploitation of natural gas discoveries in Cyprus’ Exclusive Economic Zone (EEZ) with Egypt’s Petroleum Minister Karim Badawi. ...

“The exploitation of the natural gas deposits, the pipelines, the electricity interconnectors, the terminal stations and everything else we are discussing in the meeting, will remain, yet again in the ...

By the first week of September Nicosia will respond in writing to Brussels regarding the latter’s request to be refunded for the €69 million in EU grants already disbursed for ...

The European Commission has demanded that Cyprus repay almost €69 million which had been paid in grants for the crisis-ridden liquefied natural gas (LNG) terminal project at Vasiliko, the energy ministry ...

A divorce settlement is being negotiated between Natural Gas Infrastructure Company (Etyfa) and the CPP-Metron Consortium (CMC) which had the contract for the creation of an LNG terminal in Vassiliko. ...

Energy Minister George Papanastasiou on Thursday took formal delivery of a cost-benefit analysis for the Great Sea Interconnector project – the mooted subsea electric cable linking Cyprus to Greece. The dossier ...

The Electricity Authority of Cyprus (EAC) must “change” to become a competitive organisation by the time the electricity market opens up, the energy minister said on Tuesday. “Our vision is ...

The government is concerned the European Commission may withdraw its €657 million subsidy for the electricity connection between Cyprus and Greece through the Great Sea Interconnector project, Energy Minister George Papanastasiou ...

Italian energy giant Eni is reportedly considering divesting from specific projects, including Cyprus, but Nicosia on Wednesday said they had so far received no information. Energy Minister George Papanastasiou was ...

The energy minister on Tuesday sounded favourably disposed towards the state investing directly in a mooted subsea electricity cable linking Cyprus to Greece, but MPs pushed back citing the political ...

Global companies such as Tesla and Samsung have shown interest in participating in Cyprus’ battery-based electricity storage system, Energy Minister George Papanastasiou said on Tuesday. In a presentation on the ...

Cyprus is a “reliable business centre”, Commerce Minister George Papanastasiou said on Saturday. Speaking at a business conference in New York, he said the island “has remained stable over the ...

Cyprus has seen “one of the largest increases” in its share of renewable energy sources of any European Union member state, Energy Minister George Papanastasiou said on Thursday. He was ...

The government has asked Greece’s Independent Power Transmission Operator (Admie) to carry out a cost-benefit analysis that would then allow Cyprus to decide definitively on whether to invest directly ...

Energy Minister George Papanastasiou travelled to Israel on Wednesday to meet his Israeli counterpart Eli Cohen. The pair are set to discuss the planned electrical interconnector which, if constructed, will ...

The mending of relations between the government and the CPP-Metron Consortium Ltd (CMC), which has the contract for the construction and operation of the Vasiliko LNG terminal, is a positive ...

The government does have a ‘Plan B’ for the stalled Vasiliko liquefied natural gas (LNG) terminal, though it has not yet worked out the timetable for that alternative, Energy Minister ...

Many would have been aghast hearing about the proposed law that would allow the minister of commerce to set a maximum price on certain products. It seems the government has ...

Business associations have stated on Thursday that implementing a price cap on items sold at various locations would distort the market, following a cabinet decision to propose a bill to ...

Energy Minister George Papanastasiou hinted Thursday the government may terminate the contract with the CPP consortium with the contract to build the liquefied natural gas (LNG) terminal at Vasiliko. His ...

The Chinese-led consortium with the contract to build a liquefied natural gas (LNG) terminal at Vasiliko is claiming €200 million from Cyprus in arbitration proceedings, MPs heard on Thursday, as the ...

The cabinet on Thursday announced the new board of directors at the Natural Gas Public Corporation (Defa), the state-run entity with the exclusive rights to import and distribute natural gas ...

The extension of emergency measures that had been taken to address the energy crisis was necessary and proportionate, Energy Minister George Papanastasiou said on Tuesday during the Energy Council of ...

Cyprus is mulling becoming a direct investor in the EuroAsia Interconnector – a mooted subsea electricity cable linking the island with Greece and Israel – but any final decisions will come by ...