Energy

Cyprus and Israel will hold a new round of online talks next week to reach an agreement on the cross-border gas reservoir between Cyprus’s Aphrodite field and Israel’s ...

The deadline for expressions of interest in taking on the stalled construction project of a natural gas liquefaction terminal at Vasiliko passed on Friday, with Energy Minister Michael Damianos saying ...

The Great Sea Interconnector project is “no longer merely a Greek and Cypriot project” but a “European project”, Greek Prime Minister Kyriakos Mitsotakis said on Friday, of the cable which, ...

Fuel costs continue to weigh on Cypriot motorists, with diesel prices reaching €2.126 per litre at the most expensive pump in the country and petrol prices remaining on an upward trend ...

Middle East oil producers have launched a battle to recapture market share lost during the Iran war, setting current and former OPEC members on a collision course as traffic through ...

Finance Minister Makis Keravnos will press for measures to ease the impact of energy costs on households and businesses during Eurogroup and ECOFIN meetings in Luxembourg on October 8 and 9, 2026. In ...

Damianos highlights Cyprus’ gas potential at Athens energy conference Cyprus Energy Minister Michael Damianos has called for closer regional energy cooperation and greater use of existing infrastructure to develop Eastern ...

Oil prices above $100 a barrel are keeping pressure on fuel and electricity costs in Cyprus, with further increases at the pumps increasingly likely as global supply concerns persist. According to ...

Petrol station owners’ association chairman Christodoulos Christodoulou on Monday warned that prices at the pump will continue to increase this week, with the price of a litre of diesel having ...

The prospect of a major energy deal involving Russia’s Lukoil could create new strategic opportunities for Cyprus and Greece, while also changing how Washington approaches the war in Ukraine, ...

A natural gas price prediction starts with a simple question: will enough gas reach buyers when they need it? The answer is rarely simple. Production may be rising in North ...

The value of European Union petroleum oil imports rose sharply by 55.8 per cent in the second quarter of 2026, according to Eurostat. Despite the steep rise in total cost, the volume ...

Cyprus and Israel will continue negotiations in the first half of October aimed at reaching an agreement over the cross-border gas reservoir between Cyprus’ Aphrodite field and Israel’s Ishai ...

Cyprus’ competitive electricity market completes its first year of operation on October 1. Technically, it is functioning. Electricity is traded through day-ahead, intraday, forward and balancing arrangements broadly aligned with EU’...

President Nikos Christodoulides called for the “development” of the natural gas located under the seabed off the coast of Cyprus “as soon as possible” when he met American multinational oil ...

With petrol prices already at an average of €1.7 per litre and diesel over €2, there seems to be no room for optimism regarding the trend prices will follow in the near ...

The oil shock caused by the Iran war is re-charging the electric vehicle (EV) market as high gasoline and diesel prices stimulate consumer demand for alternatives. Economics is becoming as ...

Cyprus recorded one of the EU’s sharpest monthly increases in petrol prices in August, while fuel costs across the bloc continued to climb sharply on an annual basis, according ...

The American Chamber of Commerce in Cyprus (AmCham Cyprus) will bring together officials and business leaders in Nicosia on November 6 for its annual conference, focusing on transatlantic cooperation, energy security ...

The Employers and Industrialists Federation (Oev) will host the opening event of the annual consortium meeting of the European TRIERES hydrogen project in Ayia Napa on September 22, 2026. The event will ...

Diko leader Nicholas Papadopoulos on Sunday called on Finance Minister Makis Keravnos to resign from his post over his reservations regarding the planned Great Sea Interconnector project, which, if completed, ...

Neither diesel nor natural gas can provide a long-term answer to Cyprus’ energy needs, Cyprus Institute president Stavros Malas said on Friday, stressing the need to develop sustainable energy storage ...

The finance ministry is “monitoring the situation” with the cost of fuel continuing to increase in recent weeks amid developments in the conflict in the Middle East, its spokesman Michalis ...

The price of fuel at the pump is expected to increase further in the coming weeks, petrol station owners’ association chairman Savvas Prokopiou warned on Friday, with recent developments in ...