Energy

Electricity demand in Cyprus exceeded all expectations on Wednesday afternoon, reaching a new yearly high of 1,211 megawatts at 2:15pm, according to updated figures from the Transmission System Operator (TSO). This ...

Oil prices declined for a third consecutive session on Tuesday on concerns the brewing trade war between major crude consumers the United States and the European Union will curb fuel ...

The finance ministry has asked “reasonable questions” regarding the Great Sea Interconnector project in its letter to the energy ministry, Energy Minister George Papanastasiou said on Tuesday. Speaking to CyBC ...

Google has agreed to secure as much as 3 gigawatts of US hydropower in the world’s largest corporate clean power pact for hydroelectricity, the company has announced, as Big Tech ...

The finance ministry has “absolutely refused” to pay any money to Greece’s independent transmission system operator (Admie) for the Great Sea Interconnector project, on account of the fact that ...

The EU commissioner for energy has dubbed the Great Sea Interconnector (GSI) a project of “the utmost strategic significance” for Europe, according to media reports on Thursday. In an interview ...

Oil prices edged up on Thursday on signs of easing trade tensions, stronger than expected economic data from the world’s top oil consumers and renewed risks in the Middle ...

Cyprus recorded one of the smallest declines in energy use across the EU services sector in 2023, as the bloc’s overall consumption fell by 1.9 per cent compared with the previous ...

The cost of transitioning to a net-zero emissions economy in Cyprus depends heavily on the chosen policy mix, particularly regarding how carbon tax revenues are used, according to research conducted ...

Oil prices fell by about 1 per cent on Wednesday, as signs of stronger Chinese crude consumption were outweighed by investor caution about the wider economic impact from US tariffs. Prices ...

The finance ministry has refused to greenlight the payment of €25 million to Greece’s independent transmission system operator (Admie), which form part of the government’s obligations regarding the Great ...

OPEC, which along with its allies is ramping up oil output, expects “very strong” oil demand in the third quarter and a tight supply-demand balance in the following months, its ...

The Chinese-led consortium which formerly held the contract to build a liquefied natural gas (LNG) import terminal hit back on Monday at reports that it had delivered a ship with ...

Oil prices rose on Monday to their highest level in three weeks, as investors eyed further US sanctions on Russia that may affect global supplies, while more oil imports by ...

America’s largest power grid is under strain as data centers and AI chatbots consume power faster than new plants can be built. Electricity bills are projected to surge by ...

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab ...

Matters became heated between Energy Minister George Papanastasiou and the electricity authority’s scientific staff’s trade union Sepaik leader Marios Pappoutis at the union’s annual general meeting on ...

There will be “no immediate exploitation” of the ‘Pegasus’ natural gas field, Energy Minister George Papanastasiou said on Saturday. Addressing the electricity authority’s scientific staff’s trade union Sepaik, ...

Electricity tariffs will rise by three per cent from the next two-month billing period, Energy Minister George Papanastasiou confirmed on Saturday. Speaking before the the electricity authority’s scientific staff’...

Shell (SHEL.L) expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said this week ahead ...

Oil prices rose by around 1 per cent on Friday as investors weighed a tight prompt market against a potential large surplus this year forecast by the IEA, while US tariffs ...

The United Arab Emirates could further boost its oil production capacity after 2027 if that is what markets require, its energy minister said on Thursday, signalling a move that could propel ...

President Donald Trump claims that rapid adoption of solar and wind power has made US electricity unstable and expensive, justifying his bid to end most subsidies for renewable energy. But ...

Energy Minister George Papanastasiou on Thursday visited the rig which recently completed drilling a well in Block 10 of the island’s exclusive zone. In a statement, the energy ministry said ...