Energy

Eurobank executives used their participation at the 11th Delphi Economic Forum to outline the challenges of the energy transition, as well as the need for a new productive model for ...

Greece’s Energy Ministry on Monday confirmed that it is in advanced technical discussions with the European Commission to secure funding support for the independent transmission system operator Admie through ...

Petroleum product sales surged by 18.6 per cent year-on-year in March 2026, reflecting strong demand despite ongoing volatility in fuel prices. According the Cyprus Statistical Service (Cystat), total sales reached 127,272 tonnes during ...

Universal Golf Enterprises Plc on Friday announced that it secured planning approval for a photovoltaic park development as part of a broader reassessment of its land use strategy. The company ...

Surplus electricity generated by household solar panel systems will no longer be written off following a unanimous vote in parliament on Thursday. The decision partially accepts a referral by President ...

Plenum on Thursday rejected a referral by President Nikos Christodoulides concerning legislation on renewable energy sources (RES), which includes a ban on installations on fertile agricultural land. The vote saw 15 ...

Trade union Sek has warned that policy failures and lack of strategic planning continue to impose a heavy burden on society, particularly amid rising energy costs. The organisation stressed that ...

The green transition is the most sustainable solution for Cyprus’ economic and overall security, amid growing instability in the Middle East, according to University of Cyprus economics professor Marios Zachariades. “...

Britain set out plans to weaken the link between the cost of electricity and volatile gas ‌prices on Tuesday, saying it would seek to force older wind and solar generators ...

Energy is one of the most critical sectors in Cyprus, impacting everyday life, the economy, industry and almost everything else on the island. And yet, it is one of the ...

Britain ​will have enough gas and electricity supply this summer, the country’s network operators said this week, despite ‌declining domestic gas production and fears over energy supplies from the ...

Fuel prices in Cyprus remain among the lowest in Europe, consumer protection service director Constantinos Karagiorgis said on Friday. “We are monitoring refinery prices and the shipments arriving in Cyprus. ...

The global energy market remains heavily reliant on a small number of maritime chokepoints, with more than 90 per cent of seaborne oil moving through a handful of narrow corridors that ...

Egypt has agreed to buy all the output of the Aphrodite gas reservoir in Cyprus’ exclusive economic zone once the field starts production, international media reported on Thursday. According to ...

A law requiring compensation for surplus electricity generated by photovoltaic systems has been referred back to parliament on Thursday by President Nikos Christodoulides. The decision was taken following the law’...

Energy Minister Michael Damianos on Thursday said the Eastern Mediterranean can play “a leading role in addressing the climate crisis and shaping the new energy landscape in the region”. The ...

Cyprus is entering a phase of full energy transition, with the government prioritising independence from imported fossil fuels as the “only realistic option” for economic stability, Energy Minister Michalis Damianos ...

President Nikos Christodoulides on Wednesday addressed key challenges in the energy sector, the utilisation of natural gas, and international efforts to promote Cyprus as an investment destination during a roundtable ...

Cyprus used an international climate conference in Nicosia on Wednesday to call for stronger regional and international cooperation on climate change, with President Nikos Christodoulides saying the region must work ...

Energy Minister Michalis Damianos said on Tuesday that stricter measures including a potential price cap could be imposed if profiteering is identified in the fuel market. Speaking on Sigma TV, ...

By Demetris Stefani On March 2, 2026, the Strait of Hormuz, the world’s most critical energy passage, effectively closed. Approximately 20 per cent of global seaborne oil trade has been disrupted. Crude ...

A portion of the government’s fuel subsidy introduced last week was not passed on to consumers, but instead “unjustifiably absorbed” by petrol stations, the Cyprus Consumers Association said on ...

By Theodoros Zachariadis, professor at the Cyprus Institute Imagine that meat prices rise by 30 per cent, whether due to foot-and-mouth disease or energy costs. This creates serious inflationary pressures throughout ...

Energy Minister Michalis Damianos outlined his ministry’s 2025 achievements and priorities for 2026, while acknowledging ongoing uncertainty surrounding the delayed Vasiliko natural gas project. Speaking at a press conference on Friday, ...