#George Papanastasiou

All political parties as well as the government are backing the initiative, which started in 2021, to set up a new cooperative bank. Although there is still some way to go, ...

Cyprus is an “attractive gateway for energy investment”, Energy Minister George Papanastasiou said on Sunday. Speaking at the Capital Link Cyprus business forum in New York, he said the island ...

The electricity authority (EAC) has been given the clear go-ahead to upgrade the Dhekelia power plant with two new flexible generators and is in the process of evaluating tenders, Energy ...

Greece’s dependent transmission system operator Admie’s decision to temporarily suspend payments to French technology company Nexans for the manufacture and installation of submarine cables for the Great Sea ...

ExxonMobil’s drilling rig will start drilling in mid-January at the ‘Electra’ target, located in Block 5 of Cyprus’ Exclusive Economic Zone (EEZ), for approximately one month, Energy Minister George Papanastasiou ...

Energy Minister George Papanastasiou was departing for Brussels on Sunday to attend the EU Council of Energy Ministers slated for Monday. On the sidelines of the Council, Papanastasiou will also ...

The floating storage and regasification unit (FSRU) Prometheus is expected to depart from Shanghai in a matter of hours, Energy Minister George Papanastasiou said on Friday. The FSRU will form ...

Internet influencers are to come under increasing scrutiny from the consumer protection service of the commerce ministry, it emerged on Friday. According to reports, the move was spelled out by ...

Energy Minister George Papanastasiou said on Friday that the aim is for Cyprus to become an export hub for liquefied natural gas, which will come from the deposits of the ...

Regular electricity bill payers will not subsidise the additional reduced rates paid by vulnerable groups, Energy Minister George Papanastasiou said on Saturday. Moving to address rumours that forthcoming increases in ...

Cyprus’ first natural gas extraction will most likely be from the Kronos reservoir in block 6, which may be in 2027, Energy Minister George Papanastasiou said in an interview to Kathimerini published ...

Cyprus’ and Israel’s Energy Ministers George Papanastasiou and Eli Kohen agreed on Wednesday to continue promoting joint energy projects, with the Great Sea Interconnector touted as a top priority ...

This week could prove critical for the development of the liquefied natural gas (LNG) terminal project at Vasiliko as Energy Minister George Papanastasiou prepares to meet with officials from CPP-Metron ...

Efforts are still ongoing to resolve the liquified natural gas (LNG) terminal dispute, Energy Minister George Papanastasiou said on Wednesday, stressing the government has not ruled out walking out of ...

A Mexican standoff: that probably best describes the ongoing escalating dispute between the government and the Chinese-led consortium with the contract the build the liquefied natural gas (LNG) terminal. And ...

Rich findings of natural gas have been found in Cronos 2, located in block 6 of Cyprus’ Exclusive Economic Zone (EEZ), Energy Minister George Papanastasiou announced on Saturday. According to the state ...

Energy Minister George Papanastasiou conceded on Tuesday that Cyprus cannot become an energy hub in the eastern Mediterranean, as it lacks the necessary infrastructures. He made the remarks during the ...

Energy Minister George Papanastasiou on Tuesday spoke of “cautious optimism” regarding talks with energy giant Chevron over development of the Aphrodite offshore gas field. Without divulging details of the discussions – ...

A Special Purpose Vehicle (SPV) subsidiary, which will facilitate the possible entry of the Republic of Cyprus and other potential investors in the EuroAsia Interconnector project, is to be established ...

It is of critical importance that Cyprus develops the necessary infrastructure to exploit its natural gas because at present its hydrocarbons cannot be effectively utilised, Energy Minister George Papanastasiou said ...

The managing company of the Aphrodite gas field “leaves us in uncertainty,” Energy Minister George Papanastasiou said on Friday. Speaking ahead of a meeting with Chevron President Clay Neff, and ...

The government is working towards making Cyprus energy independent, Energy Minister George Papanastasiou said on Tuesday. “The autonomy of a state is not only related with its finds and its ...

The government on Tuesday said it remains “optimistic” about the chances of an agreement with oil giants Chevron regarding the development of the Aphrodite gas reservoir offshore Cyprus. Government spokesman ...

Energy Minister George Papanastasiou was in Abu Dhabi on Monday to participate in discussions at ADIPEC 2023, the world’s largest and most inclusive international conference for the energy industry. Papanastasiou ...