Energy

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 ...

Electricity demand is expected to reach 1090 megawatts (mw) on Thursday, remaining at roughly the same levels as Wednesday. The demand is expected to reach 1090 mw between 2pm and 4.30pm. From 7...

A large project to install smart electricity meters will continue across Cyprus from Wednesday, the electricity authority of Cyprus (EAC) has confirmed. Smart meters record electricity use in real time. ...

The Electricity Market Association (EMA) on Wednesday expressed concern over two critical energy projects that directly affect Cyprus’ energy future. These include the Vasilikos liquefied natural gas (LNG) terminal and ...

Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the potential impact of US tariffs, with prices rising ...

Greece’s power grid operator on Thursday pushed back against mounting criticism over its demand that Cyprus cover part of the costs for the undersea electricity interconnection project linking Cyprus, ...

Oil prices steadied on Tuesday after sliding earlier in the session, with the market weighing expectations of an OPEC+ output hike in August in an upcoming meeting. Brent crude rose 10 ...

Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and uncertainty over the global demand outlook weighed on the market. ...

Cyprus must urgently decouple renewable energy prices from volatile fossil fuel costs to ensure stability and fairness in its electricity market, according to energy systems expert and former Cyprus Energy ...

On a purchasing power basis Malta had the lowest electricity price in Europe in 2024, in contrast to Cyprus that had the second highest price. Both are small island states within ...

Oil prices climbed more than 1 per cent on Wednesday as investors assessed the stability of a ceasefire between Iran and Israel, while support also came from data that showed US ...

Energy Minister George Papanastasiou on Tuesday said there was no justification for any increase in fuel prices despite the present geopolitical upheaval in the Middle East. Speaking after the conclusion ...

Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that would lead to significant spikes in oil and natural gas ...

The Cyprus Stock Exchange (CSE), acting as the clearing body for the competitive electricity market (CEM), on Monday announced the launch of a certification process for energy clearers. The process ...

Shipping Deputy Minister Marina Hadjimanolis on Monday warned of “global implications” if Iran blockades the Strait of Hormuz. “The developments are rapid and without a doubt very worrying, with global ...

Cyprus recorded the fourth lowest share of renewable energy in net electricity production among EU member states during the first quarter of 2025, according to data released by Eurostat. Across the ...

Fuel prices in Cyprus are expected to see a sharp, but temporary, rise due to the conflict between Israel and Iran in the Middle East, Energy Minister George Papanastasiou said ...

Petrolina (Holdings) Public Limited this week approved a final dividend of 2 cents per share at its 25th annual general meeting of shareholders. The decision came as the company reported a ...

The energy regulatory authority (Cera) has approved in principle an application from the Cyprus Transmission System Operator (TSO) to develop energy storage systems, it emerged on Friday.  The request was ...

Oil prices fell on Wednesday, after a gain of 4 per cent in the previous session, as markets weighed up the chance of supply disruptions from the Iran-Israel conflict and as ...

Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening ...

Consumers will have to wait two more weeks to find out if the Electricity Authority of Cyprus (EAC) hikes its tariffs by 3 per cent, reports said on Tuesday. The matter ...

The Crete–Cyprus electricity interconnection is moving steadily forward, but only until August, according to reports that emerged on Tuesday.   Nexans, the French cable contractor, has confirmed it will continue ...

Oil prices edged down on Monday, after surging 7 per cent on Friday, as renewed military strikes by Israel and Iran over the weekend left oil production and export facilities unaffected. ...