Rich findings of natural gas in Block 6
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 ...
‘Cyprus can’t be an energy hub without the infrastructure’
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 ...
Minister ‘optimistic’ first Cyprus gas could surface in four years
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 – ...
Subsidiary to be setup to attract investors for EuroAsia
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 ...
Exploitation of hydrocarbons ‘critical’ for Cyprus
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 ...
‘All signatures on Cyprus gas field agreement must be honoured’ (Updated)
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 ...
Minister calls for investment to fuel cheaper energy
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 ...
Government remains ‘optimistic’ over developing Aphrodite
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 in Abu Dhabi
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 ...
Project to end energy isolation remains on track
With clarity expected in September, rumours about the viability of the EuroAsia Interconnector were somewhat inaccurate
The EuroAsia Interconnector, what would be the world’s longest subsea energy cable, remains ...
Cyprus changes tack with plan for Mediterranean gas link to Israel
Cyprus wants shorter gas pipeline to Israel
By Michele Kambas
Cyprus hopes to develop plans for a pipeline linking it to Israel’s east Mediterranean gas fields during talks which ...
Gas to power gives Cyprus-Israel gas plan momentum
There is grounds for an underwater natural gas pipeline from Israel to Cyprus to produce electricity both for domestic needs and to channel through the EuroAsia Interconnector, the Cyprus News ...
Government pledges to clear up industrial zones mess
The government on Tuesday pledged to create a dedicated agency to help sort out the chaotic situation relating to industrial zones and areas, where the rents paid to the state ...
Energy minister to meet with gas giants in London trip
Minister of Energy George Papanastasiou on Thursday is headed to London for a two-day meeting on energy and investments.
According to the ministry announcement, Papanastasiou is set to meet with ...
Plan for Aphrodite gas field to be delivered on Wednesday
NewMed Energy, a partner in the Aphrodite gas prospect, will officially announce delivery of their modified development and production plan on Wednesday, the energy minister said on Tuesday.
George Papanastasiou ...
Cyprus working to end energy isolation (Updated)
Cyprus is shifting gear to end its energy isolation and it is uniquely positioned to contribute to the Eastern Mediterranean’s energy solutions, President Nikos Christodoulides said on Monday.
The ...
Papanastasiou participates in first EU-MED 9 Energy Ministerial Meeting (Updated)
Energy minister George Papanastasiou on Thursday took part in the EU-MED 9, a confab of EU energy ministers that decided to work together to turn the Mediterranean region into a green ...