#energy

The energy transition is crucial for delivering a sustainable future to the next generations, but it also involves a number of obstacles, which must be addressed, according to Andreas Poullikkas, ...

Energy Minister George Papanastasiou on Thursday floated the idea of importing natural gas quantities from reservoirs in Cyprus’ exclusive economic zone, to be used for power generation, coupled with exports ...

Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns about weakening global growth that may dampen fuel ...

The completion date for the construction of a jetty to facilitate a floating LNG storage and regasification unit (Fsru) at Vasiliko is likely to be pushed back once again, Energy ...

Cyprus is about to be hit by a tsunami of new climate targets to be met by 2030 That was the warning at the European Gas Conference in Vienna this week. “...

Cyprus is getting closer to obtaining its own gas supplies from a number of possible sources. But how much gas does it actually need and how can it ensure security ...

By the end of May all outstanding issues pertaining to the Transmission System Operator (TSO) must be resolved – a prerequisite for opening up the electricity market to competition – lawmakers said ...

By Andreas Charalambous and Omiros Pissarides The economy of Cyprus depicts positive features as regards growth, employment and public finances. However, its economic development model requires radical adaptation in order ...

The importance of the East Med to Chevron’s gas plans was made clear at the company’s ‘2022 4Q Earnings Conference Call’ on January 27 and subsequently at its ‘Investor Presentation’ ...

Artificial intelligence will play a vital role in the future of the energy sector, especially as it continues to become more digital and decentralised, according to Cyprus Energy Regulatory Authority (...

In an article in the Monday issue of the Cyprus Mail, energy expert Charles Ellinas exposed the scandalous failure of successive governments, but particularly the current one, to take the ...

By Charles Ellinas Following a joint-letter by the Distribution System Operator (DSO) and Transmission System Operator (TSO) on January 20 requesting suspension of licensing of new residential photovoltaic (PV) installations until ...

Oil prices rose for a second session on Friday, buoyed by stronger than expected US economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese ...

The Cyprus Economy and Competitiveness Council on Friday published a report outlining a number of recommendations that seek to provide both medium and long-term solutions to the ongoing issue of ...

The government camp and main opposition Akel traded barbs on Tuesday, after the latter dismissed as fanfare the current administration’s pronouncements on energy projects. The exchange came a day ...

Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas on Monday stated the energy transition, which primarily concerns the transition from fossil fuels to sustainable energy sources, while a necessary and ...

With demand up and supplies lower, oil prices are expected to rise If 2022 was a difficult year for energy, 2023 is expected to be even harder as the Russia-Ukraine war continues ...

The Total-Eni consortium wants to move more quickly in exploiting block 6 of Cyprus’ exclusive economic zone (EEZ), Energy Minister Natasa Pilides said on Saturday. According to Pilides, the consortium has ...

Oil rebounded over 2 per cent on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a US fuel pipeline ...

Larnaca authorities are expected to imminently approve a building permit for the construction of a private power plant in Tochni. As reported by Philenews on Wednesday, Larnaca District Officer, Odysseas ...

Owners of agricultural plots of land which are essentially inactive, are increasingly showing interest in entering into the well-known blue contract, for the installation of solar parks for the production, ...

From today, households and businesses in the Nicosia, Larnaca and Famagusta districts were to be subjected to power cuts of 30 minutes to an hour in the evening because Electricity Authority ...

Condolences poured in from political parties following the death of former energy chief and Disy MP Solon Kassinis on Tuesday. He was 70. “Throughout his life, he was constantly involved with ...

Western governments have agreed to cap Russia’s oil export price at $60 a barrel in a bid to curb profits that support its budget, military and invasion of Ukraine. This ...