#cyprus energy

Household electricity prices in Cyprus fell to €0.26 per kilowatt-hour in the first half of 2026, according to Eurostat data, easing from their energy-crisis peak but remaining significantly above pre-crisis levels as ...

The future of the Great Sea Interconnector (GSI), which, if completed, will link the energy grids of Cyprus, Greece, and Israel, is “being handled away from the public eye”, President ...

The future of the Great Sea Interconnector (GSI) remains uncertain, with French cable manufacturer Nexans indicating that production linked to the project may not resume until 2028, despite recent assurances from ...

The government expects the LNG import terminal at Vasiliko to be up and running by 2030, Energy Minister Michalis Damianos said on Monday. Taking questions from MPs after presenting the ministry’...

The renewed effort to complete the Vasiliko LNG import terminal is entering a critical phase. Eight companies have expressed interest in Etyfa’s (natural gas infrastructure company) tender, estimated at €180 ...

Direct Democracy Cyprus leader Fidias Panayiotou on Saturday led a march to the presidential palace to demonstrate against high and rising electricity prices, with the protesters submitting a letter to ...

Natural gas public company (Defa) chairman George Pistentis on Wednesday promised that issues which arose in the past related to efforts to build a natural gas liquefaction terminal in Vasiliko ...

Greece has requested permission for a French-flagged vessel to conduct seabed surveys in its territorial waters, in an effort to resume work on the Great Sea Interconnector (GSI) electricity cable. ...

The Great Sea Interconnector project is “no longer merely a Greek and Cypriot project” but a “European project”, Greek Prime Minister Kyriakos Mitsotakis said on Friday, of the cable which, ...

Damianos highlights Cyprus’ gas potential at Athens energy conference Cyprus Energy Minister Michael Damianos has called for closer regional energy cooperation and greater use of existing infrastructure to develop Eastern ...

Economic success creates a new question for Cyprus. Having repaired the state’s balance sheet, is the island using its financial strength sufficiently to repair structural weaknesses in its economy? ...

The interests and objectives of the United States and Cyprus are closely aligned, US ambassador John Breslow said on Wednesday, describing the current period as potentially the best in the ...

The government has activated a special clause allowing for emergency measures to be taken so that electricity supply can meet demand, as by 2030 Cyprus may face a severe supply gap, ...

The lack of visible benefits from Cyprus’ Competitive Electricity Market has reopened debate over the single buyer model. Under a conventional single-buyer arrangement, one body purchases electricity through tenders or ...

Cyprus’ competitive electricity market completes its first year of operation on October 1. Technically, it is functioning. Electricity is traded through day-ahead, intraday, forward and balancing arrangements broadly aligned with EU’...

Cyprus, Greece and Egypt have agreed to strengthen joint protection of gas fields, supply lines and offshore energy infrastructure in the Eastern Mediterranean, amid heightened security concerns across the region. ...

The return of acute geopolitical risk to global energy markets is changing the way energy security is understood. The central question is no longer simply how to deliver energy as ...

Cyprus ranked fourth from last in the European Union for the share of electricity generated from renewable sources in the second quarter of 2026, according to a report from Eurostat. Only ...

The Employers and Industrialists Federation (Oev) and the Cyprus Energy Regulatory Authority (CERA) have discussed measures to improve the electricity market and gradually reduce energy costs, Oev said on Wednesday. ...

MPs on Tuesday demanded an explicit timetable for the completion of the stalled LNG import project at Vasiliko, while the state-run entity in charge of it gave interested companies one ...

The geopolitical contest for strategic primacy across the Levantine Basin has now converged upon the seabed, centred on the execution of the Great Sea Interconnector. Conceived as a 1,208-kilometre high-voltage ...

President Nikos Christodoulides said on Wednesday that Cyprus was closer than ever to seeing the Great Sea Interconnector (GSI) project move towards implementation, following an agreement with Greece and the ...

House president Annita Demetriou on Wednesday called on the government to abandon its current policy of “ambivalence, doublespeak, and inertia” over the Great Sea Interconnector, stressing that the project is ...

Finance Minister Makis Keravnos dropped a bombshell on Tuesday, telling MPs that the Great Sea Interconnector (GSI) could end up costing a great deal more than the €1.9 billion as advertised, ...