EU energy commissioner in Cyprus
EU Energy Commissioner Kadri Simson arrived in Cyprus on Thursday to take part in the inauguration of the works on the EuroAsia Interconnector that are set to start on Friday.
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EAC trade unions say state has no coherent energy policy
Trade unions representing the electricity authority (EAC) employees have accused the state of having “no comprehensive energy strategy” hampering their ability to serve the public.
In a publicly released letter ...
Druzhba pipeline leak reduces Russian oil flows to Germany (Update 3)
Germany said on Wednesday it was receiving less oil but still had adequate supplies, after Poland found a leak in the Druzhba pipeline that delivers crude from Russia to Europe ...
UAE president to meet Russia’s Putin to discuss Ukraine
United Arab Emirates President Sheikh Mohammed bin Zayed al-Nahyan will travel to Russia on Tuesday to meet with President Vladimir Putin, UAE state news agency WAM reported on Monday.
UAE’...
EU can learn from Spanish gas price limit, EU energy chief says
The European Union can learn from Spain and Portugal’s mechanism to cap the price of gas used in power generation, although the scheme is not suitable to immediately roll ...
Billionaire Ibrahim decries double standard in West seeking gas from Africa
By Gloria Dickie
Sudanese-British billionaire businessman Mo Ibrahim accused developed countries of hypocrisy in warning Africans against developing natural gas reserves while also eyeing such investments in response to the ...
True competition in energy provision expected next month
True alternatives to the Electricity Authority (EAC) for energy provision can be expected by the end of November, Charalambos Rousos, the director of energy has said.
Speaking on CyBC radio ...
Europe is heading towards a challenging winter
By Andreas Charalambous and Omiros Pissarides
For a prolonged period the prices of conventional energy (coal, oil and natural gas) were contained at low levels, mainly reflecting the view that ...
Israel upbeat on draft Lebanese demarcation deal, sees gas profit-sharing
Israel gave its preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon that may lead to profit-sharing in a disputed Mediterranean gas ...
Cyprus wants exemption from EU’s mandatory energy reduction target
Cyprus will request specific exemptions from the measures concerning the mandatory reduction of energy demand during peak hours, as well as the imposition of a cap on the additional profits ...
Aphrodite back in the limelight
The roadmap to resolve the dispute with Israel is welcome but Europe is still phasing out gas
The news this week that the energy ministers of Cyprus and Israel agreed ...
€192 million investment in Aphrodite announced
Oil companies operating the Aphrodite gas field have approved a €192 million investment to start drilling, Israeli company NewMed said on Sunday.
The amount will also cover other development costs for ...
Fitch affirms Cyprus’ at BBB- with stable outlook but some risks
Fitch Ratings has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook saying the rating was underpinned by governance indicators and GDP per capita levels ...
Pilides extols role of Cyprus in EU energy security, EU commissioner due to visit
Energy Minister Natasa Pilides announced the upcoming visit of the Energy Commissioner Kadri Simson, in a statement after the conclusion of the extraordinary meeting of energy ministers in Brussels on ...
EU chief wants to cap price of Russian pipeline gas
Upcoming European Commission proposals to tackle surging energy prices will aim to cap the price of gas Russia sends to Europe via pipelines, and offer support to electricity producers facing ...
EU Council chief says Commission was late to respond to energy crisis
In a rare instance of criticism among their own, European Council President Charles Michel has said the European Commission led by Ursula von der Leyen has been late in responding ...
Presidential candidate proposes innovative solution for water shortage, green energy
Presidential candidate, Constantinos Christofides on Friday, proposed a solution to water loss from dams by evaporation, which he claims would result in savings upwards of €20 million per year.
Total yearly ...
Solar park potential
With the steep increase in the cost of electricity and the uncertainty that exists, both regarding our natural gas and that coming from Russia, at very high prices, it is ...
Italian navy vessel spotted near ENI drillship in Block 6 of Cyprus’ EEZ
The Italian navy ship Mimbelli was spotted sailing near the ENI drill ship, in Block 6 of Cyprus exclusive economic zone (EEZ) on Friday.
In a post on twitter, the Italian ...
EAC: many consumers say they were overcharged
Less than a week after EAC issued advice to consumers who believe there were discrepancies between their meter readings and their electricity bills, the authority confirmed on Wednesday that a “...
Petrides warns opposition on VAT: don’t make comparisons with Germany (updated)
Finance Minister Constantinos Petrides has warned opposition parties not to start “making noises” about Germany seeking a VAT exemption on a new consumer levy on energy consumption, saying it was ...
Cyprus gas and the EU’s ‘own goal’
Solving the Cyprus problem and solving the energy crisis go hand in hand
With the European energy crisis intensifying and the likelihood of complete Russian gas cut-off increasing – Russian gas ...
Ministry issues advice on how to use less electricity
The ministry of energy has published a list of recommendations aimed at saving energy at home in the wake of ongoing price hikes.
There is advice on how to use ...
Turkey sends new drilling ship to east Med (Updated)
Turkey resumed its hydrocarbon drilling operations in the eastern Mediterranean on Tuesday after a two year hiatus, though President Tayyip Erdogan said its new drill ship would operate outside waters ...