#energy

Electricity prices rose sharply – by almost a third – in Cyprus during the first half of the year, according to data just released by Eurostat. The data show a 32 per cent ...

Finance Minister Constantinos Petrides warned on Monday that “tectonic shifts are underway” as he warned that the days of cheap energy and cheap money are over. Petrides made the comments ...

Outgoing president Nicos Anastasiades on Sunday claimed that he was handing over a Cyprus “better than the one he received”. In an interview with ‘INSIDER’ magazine and in relation to ...

Energy companies, hit by soaring power and gas prices related to the war in Ukraine, can secure public guarantees exceeding 90% coverage from EU governments to cover margin call requirements under ...

The European Union needs to do more about third countries violating sanctions on Russia, President Nicos Anastasiades said on Friday attending a European Council meeting in Brussels, and alluding to ...

Prime ministers of Italy and Belgium were among those to air frustration on Thursday with Germany’s refusal to cap gas prices as the 27 European Union leaders met for a ...

The time for talking is over, French Finance Minister Bruno Le Maire said on Monday, as the government ordered more fuel depot staff back to work to try to restore ...

A project which will connect the Cypriot, Greek and Israeli power grids through the world’s longest submarine power cable which will total over 1,200 kilometres with a 2,000 Megawatt capability that ...

EU Energy Commissioner Kadri Simson arrived in Cyprus on Thursday to take part in the inauguration of the works on the EuroAsia Interconnector that are set to start on Friday. ...

Trade unions representing the electricity authority (EAC) employees have accused the state of having “no comprehensive energy strategy” hampering their ability to serve the public. In a publicly released letter ...

Germany said on Wednesday it was receiving less oil but still had adequate supplies, after Poland found a leak in the Druzhba pipeline that delivers crude from Russia to Europe ...

United Arab Emirates President Sheikh Mohammed bin Zayed al-Nahyan will travel to Russia on Tuesday to meet with President Vladimir Putin, UAE state news agency WAM reported on Monday. UAE’...

The European Union can learn from Spain and Portugal’s mechanism to cap the price of gas used in power generation, although the scheme is not suitable to immediately roll ...

By Gloria Dickie Sudanese-British billionaire businessman Mo Ibrahim accused developed countries of hypocrisy in warning Africans against developing natural gas reserves while also eyeing such investments in response to the ...

True alternatives to the Electricity Authority (EAC) for energy provision can be expected by the end of November, Charalambos Rousos, the director of energy has said. Speaking on CyBC radio ...

By Andreas Charalambous and Omiros Pissarides For a prolonged period the prices of conventional energy (coal, oil and natural gas) were contained at low levels, mainly reflecting the view that ...

Israel gave its preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon that may lead to profit-sharing in a disputed Mediterranean gas ...

Cyprus will request specific exemptions from the measures concerning the mandatory reduction of energy demand during peak hours, as well as the imposition of a cap on the additional profits ...

The roadmap to resolve the dispute with Israel is welcome but Europe is still phasing out gas The news this week that the energy ministers of Cyprus and Israel agreed ...

Oil companies operating the Aphrodite gas field have approved a €192 million investment to start drilling, Israeli company NewMed said on Sunday. The amount will also cover other development costs for ...

Fitch Ratings has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook saying the rating was underpinned by governance indicators and GDP per capita levels ...

Energy Minister Natasa Pilides announced the upcoming visit of the Energy Commissioner Kadri Simson, in a statement after the conclusion of the extraordinary meeting of energy ministers in Brussels on ...

Upcoming European Commission proposals to tackle surging energy prices will aim to cap the price of gas Russia sends to Europe via pipelines, and offer support to electricity producers facing ...

In a rare instance of criticism among their own, European Council President Charles Michel has said the European Commission led by Ursula von der Leyen has been late in responding ...