Energy

Household gas prices in the EU fell to €11.43 per 100 kWh in the first half of 2025, down from €12.44 recorded in the second half of 2024, according to Eurostat. This drop signals a ...

Cyprus recorded one of the largest decreases in household electricity prices across the European Union in the first half of 2025, with costs falling by 9.5 per cent compared with the same ...

Oil prices fell 2 per cent on Tuesday, marking their third day of declines as investors assessed the effect of US sanctions on Russia’s two biggest oil companies along with ...

The total sales of petroleum products in Cyprus increased by 11.2 per cent in September, when compared with the same month in 2024, the state statistical service (Cystat) announced on Monday. Total ...

The new CEO of the company manufacturing the cable for the Great Sea Interconnector (GSI) insisted on Thursday that the project is still live and that there is “no Plan ...

The European Parliament agreed on Wednesday to consider further changes to the EU’s corporate sustainability rules, as the US and Qatar stepped up pressure on Brussels to weaken the ...

“Several points of convergence” were found during the latest meeting to be held on the matter of the Great Sea Interconnector on Friday, according to reports. Friday’s meeting took ...

Greek Prime Minister Kyriakos Mitsotakis urged the media in both Greece and Cyprus to “not go overboard” with its reporting on differences of opinion between the two countries over the ...

The energy ministers of Cyprus and Greece reiterated on Thursday their commitment to work together to bring to fruition the Great Sea Interconnector (GSI), in a move de-escalating the apparent ...

Cyprus’ energy regulatory authority (Cera) on Friday formally handed over two permits related to the construction of the Great Sea Interconnector to Greece’s independent transmission system operator Admie. The ...

The energy ministers of Cyprus and Greece committed on Thursday to their respective governments pressing ahead with “technical and institutional consultations” for the Great Sea Interconnector (GSI) project, a proposed ...

The Eastern Mediterranean will host one of its most significant energy events of the year later this month, as the EMC 2025 – Eastern Mediterranean Conference and Exhibition on Energy – takes place ...

Oil prices rose more than 1 per cent on Monday after OPEC+’s planned production increase for November was more modest than expected, tempering some concerns about supply additions, though a ...

The Cyprus Stock Exchange (CSE) on Monday released a statement explaining its role as the clearing entity for the island’s competitive electricity market. The above designation follows an agreement ...

“For the first time, citizens and businesses in Cyprus can choose their electricity supplier,” government spokesman Konstantinos Letymbiotis said on Thursday, as the country opened its long-awaited competitive energy market. ...

Cyprus has entered a new era in its electricity sector with the launch of the competitive electricity market, a development in which Eurobank played a decisive role as the general ...

OPEC+ may speed up production increases in November from the 137,000 barrels per day hike it made for October at its meeting on Sunday as its leader Saudi Arabia pushes to ...

Cyprus on Wednesday officially launched its long-awaited competitive electricity market, which Energy Minister George Papanastasiou said should ultimately drive down costs for consumers. Speaking on the sidelines of the independence ...

A new study has found that renewable electricity has already delivered substantial economic benefits to Cyprus, saving the country hundreds of millions of euros and offering strong returns on investment. ...

The government is awaiting legal advice after the European Commission demanded the return of €67 million it had paid for the Vasiliko liquefied natural gas (LNG) terminal that was never completed, ...

The government is now pondering its options for appeal after the European Commission gave it until November 6 to repay a total of €67.2 million handed out in grants for the construction ...

The Republic of Cyprus will pay the €25 million demanded of it by Greece’s independent transmission system operator (Admie) when the Great Sea Interconnector project is being “implemented it in ...

The liquefied natural gas terminal at Vasiliko will be completed, Energy Minister George Papanastasiou promised on Tuesday. Addressing the House energy committee, he said the project “is feasible, should be ...

The single aim of the competitive electricity market (CEM) must be to bring about substantial reductions in Cyprus’ very high electricity prices. Anything else is of secondary importance and certainly ...