Energy

The surge in energy prices following Russia’s invasion of Ukraine significantly reduced bank lending to energy-intensive companies, according to an ECB working paper, with the study concluding that firms ...

‘I’m not against the project. I want it to make sense’ Amid the hype over the Great Sea Interconnector, following the entry of French asset management firm Meridiam, one ...

Retail fuel prices have surged across the euro area in 2026 following the outbreak of the conflict in the Middle East, driving up energy inflation and prompting fresh analysis from European ...

The share of coal in total EU electricity production fell to a historic low of 9.2 per cent in 2025, according to official data released by Eurostat on Thursday. The figures mark ...

The cost of filling a 1,000-litre heating oil tank in Cyprus has risen by almost €500 since March, prompting fresh questions over whether retail fuel prices are being properly monitored.  The ...

A bipartisan group of US lawmakers has called on Secretary of State Marco Rubio and US International Development Finance Corporation (DFC) chief executive Ben Black to make the Great Sea ...

Electricity demand is being fully met and has begun to decline in recent days as temperatures ease, according to the Cyprus Transmission System Operator (TSO). Assistant director of the TSO’...

The Great Sea Interconnector (GSI) has entered a new phase. The recent decision by French infrastructure investor Meridiam to become the project’s 66 per cent majority shareholder has renewed confidence ...

Both the European Commission and former energy minister George Papanastasiou found themselves at odds with incumbent Energy Minister Michael Damianos on Friday over Damianos’ claim that the planned Great Sea ...

Cyprus must adopt a balanced and long-term energy strategy combining conventional power generation, renewable energy, storage, electricity interconnection and demand management, energy systems expert and former Cyprus Energy Regulatory Authority (...

Energy Minister Michael Damianos on Thursday welcomed the entry of French investment group Meridiam as the majority shareholder in the Great Sea Interconnector (GSI), saying the move gives the project “...

The Great Sea Interconnector, which, if completed, will link the energy grids of Cyprus, Greece, and Israel, is a “European issue”, Greek Energy Minister Stavros Papastavrou said on Thursday. “No ...

Neither the government of Greece, nor the government of Cyprus offered any confirmation or denial of reports that they intend to issue a navtex, a message used to transmit information ...

Greek Prime Minister Kyriakos Mitsotakis on Wednesday declared that the planned Great Sea Interconnector project will “end Cyprus’ energy isolation”, after French asset management firm Meridiam took a controlling stake ...

French asset management firm Meridiam took a majority share in the Great Sea Interconnector on Wednesday, buying Greece’s independent transmission system operator (Admie) out of its controlling stake. The ...

The Cypriot government “will have had a say” in the sale of the BG Group’s Cyprus unit from British multinational corporation Royal Dutch Shell to Hungarian oil and gas ...

Cyprus could lose up to half of its conventional electricity generation capacity by 2030 unless critical energy projects are completed, officials and industry representatives warned the House energy committee on Friday. ...

Energy company Shell said on Friday it had ‌agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, as the British ...

You have invested in a premium lifestyle. Your home reflects your standards. Your vehicle represents your passion for innovation. Your choices are driven by quality, design and reliability. Your energy ...

Delegations from the transmission system operator and the energy markets association discussed efforts to reduce electricity costs for households and businesses, and ways to make the new competitive energy market ...

Gas field decision unlocks domestic energy opportunities, expert says The final investment decision to develop the Kronos natural gas field in block 6 of Cyprus’ exclusive economic zone offers an opportunity ...

Energy Minister Michael Damianos on Tuesday described the consortium’s final investment decision to develop the Kronos natural gas field in Block 6 of Cyprus’ exclusive economic zone (EEZ) as a “...

Cyprus’ petroleum product sales fell sharply in June, according to figures by the state statistical service (Cystat), as the island’s fuel market continued to adjust to the lingering effects ...

Electricity storage batteries are expected to arrive in Cyprus in January 2027, with installations due to be completed before the summer, Energy Minister Michael Damianos said on Sunday. Damianos said contracts ...