Energy

Cyprus, Israel and Greece on Monday signed a memorandum of understanding (MoU) on cooperation in relation to the EuroAsia Interconnector, taking another step towards the implementation of an ambitious project ...

The German government has agreed to pay four nuclear operators nearly €2.6 billion ($3.1 billion) in compensation for forcing them to shut their nuclear plants early in response to the Fukushima disaster, ...

Will the EastMed pipeline bypass Cyprus? by Dr. Charles Ellinas The Greek and Cypriot press abounds with news and denials that a new plan has emerged for the much-talked about ...

Just because cars are going electric, is not to say they are getting boring. Rather the opposite: the move towards electrification is producing some of the hottest automotive propositions in ...

By Dr. Charles Ellinas What has become abundantly clear over the past year is the EU’s determination to drive a fast transition to cleaner energy. Not only it has ...

The EU’s mammoth post-pandemic recovery fund, which is intended to exclude projects that worsen climate change or harm the environment, could in some circumstances be used for investment in ...

Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S. stimulus ...

But scars of the pandemic will hang over the world for many years to come By Charles Ellinas The Atlantic Council (AC) held its annual Global Energy Forum at Abu ...

By Elias Hazou While by no means a death blow to Cyprus’ aspirations to export natural gas to Egypt, a recent investment decision by companies in nearby Israel to expand ...

The European Union should set binding targets for one million public charging points for electric vehicles by 2024, and three million by 2029, to give consumers the confidence to switch to the ...

Cyprus’s Aphrodite gas field, located in located in Block 12 of Cyprus’s exclusive economic zone, and with reserves of 129 billion cubic metres, is expected to begin production in 2025. But ...

Small Estonian firm Fermi Energia said on Monday it was raising capital to start the official planning process for a new generation small modular reactor (SMR) which would be one ...

Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for ...

The US is signaling that it is ready to end sanctions on the Nordstream 2 pipeline, according to a report published by German newspaper Handelsblatt. Under US President Joe Biden, the ...

Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year, accounting for more than 10 per cent of overall sales, data showed ...

US President Joe Biden made quick work signing a slew of sweeping executive orders targeting climate change that ranged from freezing federal oil and gas leasing to eliminating the fossil ...

Royal Dutch Shell is liable for the damage caused by oil spills in Nigeria, an appeals court in the Hague said in a verdict announced on Friday. The environmental group ...

Plans to upgrade houses, making them more energy efficient, were presented today by Natasa Pilides, the Minister of Energy, Trade and Industry. At the same time, a scheme to make ...

By Dr. Charles Ellinas THIS is a follow-up to the interview of Dr Andreas Poullikas, Chairman of the Cyprus Energy Regulatory Authority (CERA): published https://cyprus-mail.com/2021/01/22/cyprus-electricity-market-deregulation/ Dr. Poullikkas ...

Boeing Co said on Friday it will begin delivering commercial airplanes capable of flying on 100 per cent biofuel by the end of the decade, calling reducing environmental damage from fossil ...

By Andrew Rosenbaum and Dr. Charles Ellinas — First of Two Articles Producers of renewable energy, of whatever type, will be able to sell their production via the national electricity grid ...

Global energy majors including Royal Dutch Shell and Total are expected to benefit most from January’s gas price spike, beating rival trading houses and non-integrated producers thanks to their ...

Petrolina Holdings on Monday released a regulatory announcement stating its acquisition of the oil trading firm Silk oil. Petrolina will pay a redemption consideration at a maximum amount of €9 million, ...

Oil production in Russia declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and sluggish demand caused by ...