#Energy Minister George Papanastasiou

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 ...

The government and Chevron have agreed on the terms for developing the ‘Aphrodite’ gas field in block 12 of Cyprus’ exclusive economic zone (EEZ), the energy ministry announced on Friday. Negotiations ...

Transport and Energy Ministers Alexis Vafeades and George Papanastasiou on Friday inaugurated the road network of the Vasilikos energy and industrial area, built at a cost of €16.7 million. Vafeades hailed ...

Chevron’s call for synergies between companies regarding natural gas in Cyprus’ exclusive economic zone (EEZ) is positive, Energy Minister George Papanastasiou said on Wednesday. “Our ministry’s position has ...

Energy Minister George Papanastasiou on Saturday stated that both the Cypriot government and Chevron are highly optimistic that they will come to a mutually accepted plan over the Aphrodite gas ...

Experts gathered to address the challenges faced by consumers in the new digital age and during the green and digital transition at a conference on Wednesday. The event commenced with ...

Cyprus is considering the possibility of granting a new extension for negotiations with Chevron and is determined to exhaust every opportunity for negotiations until the very last moment, the Cyprus ...