Cyprus-Egypt gas agreements ‘most important ever’
Natural gas agreements set to be signed between Cyprus and Egypt next month are among the most important ever signed by the island over the exploitation of natural gas fields, ...
Cyprus aims for a competitive electricity market, cheaper power by July
Reducing electricity costs for households and businesses remains a key priority for the government, Energy Minister George Papanastasiou said on Tuesday.
Speaking at a Transmission System Operator Cyprus event to ...
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UAE energy giant ‘expresses interest’ in Cyprus gas
United Arab Emirates energy giant Abu Dhabi National Oil Co has expressed interest in Cyprus’ emerging natural gas sector, Energy Minister George Papanastasiou has said.
“They expressed interest in the ...
Energy minister to meet stakeholders in Abu Dhabi
Energy Minister George Papanastasiou is expected to meet regional and international stakeholders on Monday in Abu Dhabi.
The minister, who is participating in international energy forum ADIPEC 2024, will meet counterparts ...
Cyprus plays down importing gas from Israel report
Nicosia said on Tuesday it has received no fresh proposal regarding the export to Cyprus of natural gas from Israeli offshore fields following media reports of a purported $1.5 billion deal ...
EAC workers warn of turmoil and chaos’
Trade unions representing workers at the Electricity Authority of Cyprus (EAC) on Tuesday dismissed outright the idea of the organisation relinquishing its ownership and control of the grid, arguing that ...
Cyprus and Greece sign ‘framework of understanding’ for interconnector
The governments of Cyprus and Greece on Saturday signed a “framework of understanding” regarding the section of the Great Sea Interconnector which will connect Cyprus to the Greek island of ...
Decisions about interconnector in August
Decisions will be taken and the interconnector linking Cyprus’ power supply to Greece and Israel will be clarified within August, Energy Minister George Papanastasiou said on Monday.
The minister’s ...
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State to invite new tenders to complete LNG project
The government will invite two tenders in a bid to complete the LNG project, one for remaining construction work on the jetty at the land-based facilities at Vasiliko, the other ...
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State has ‘minimised’ LNG fiasco fallout (Updated)
The government has managed to buy time to offer explanations to the EU commission over the LNG project fiasco, Energy Minister George Papanastasiou said on Monday.
Speaking on CyBC radio, ...
Latest Cyprus gas find ‘very positive’
Energy Minister George Papanastasiou said on Friday that findings from the ‘Cronos 2’ natural gas field were very positive.
The well, located 160km off the coast of Cyprus in block 6, confirmed ...
Interconnector decision delayed (Updated)
Cabinet failed to decide on Friday whether or not Cyprus will participate in the Great Sea Interconnector, with a final decision now expected next week.
A decision had been initially ...
Minister accused of ‘lust for fines’
Tempers flared in parliament on Tuesday when MPs piled on Commerce Minister George Papanastasiou, berating him for the fact that thousands of companies face hefty fines for not having registered ...
Government insists FPU included in Aphrodite development (updated)
The construction of a floating production unit (FPU) in Cyprus’ natural gas field Aphrodite is necessary for its development, Energy Minister George Papanastasiou said on Tuesday during a meeting of ...
Minister makes urgent call for energy prices to come down
Electricity prices must come down, as expensive energy is sapping people’s disposable income and also raising the cost of production for businesses, new Energy Minister George Papanastasiou stressed on ...