#natural gas

The next couple of months will see crucial developments regarding the future commercialisation of the Kronos offshore gas field, the energy minister said on Thursday. George Papanastasiou said important talks ...

There will be “no immediate exploitation” of the ‘Pegasus’ natural gas field, Energy Minister George Papanastasiou said on Saturday. Addressing the electricity authority’s scientific staff’s trade union Sepaik, ...

Engineers from public natural gas infrastructure company Etyfa on Wednesday conducted an on-site inspection of the floating storage and regasification unit (FSRU) Prometheas as part of the certification process for ...

Cyprus will have its first large-scale electricity storage system operational within the next 16 months, the energy minister said on Monday. Speaking at the Green Agenda Cyprus Summit in Nicosia, George ...

Italian energy company Eni on Thursday described the two agreements signed by Cyprus and Egypt earlier this year concerning the exploitation of natural gas resources under the seabed in the ...

President Nikos Christodoulides and American multinational corporation ExxonMobil’s vice president for global exploration John Ardill on Sunday met to discuss the next steps regarding the drilling for natural gas ...

President Nikos Christodoulides said on Sunday two agreements signed with Egypt on exploitation of the Cronos and Aphrodite fields are important and open new horizons for strategic partnerships. In an ...

The media and political reaction to the signing of the latest energy agreements with Egypt was understandably muted, despite the presidential palace’s enthusiastic efforts to talk up their significance. ...

Cyprus and Egypt on Monday signed two agreements concerning the exploitation of natural gas resources under the seabed in the eastern Mediterranean. The first agreement was a memorandum of understanding ...

Electricity prices are unlikely to drop over the next two years, given the absence of natural gas and the lack of storage for energy generated by renewables, the head of ...

Exploration activities in three offshore blocks inside Cyprus’ exclusive economic zone (EEZ) have come to an end after the licenses expired without renewal, the government said on Tuesday. Licenses to ...

As the development of Cyprus gasfields gets closer, so the claims about their importance in supplying Europe’s gas needs get louder, totally oblivious to whether Europe needs such gas, ...

Cypriot natural gas will be extracted from under the sea for the first time in 2027, Energy Minister George Papanastasiou said on Monday. Speaking to Politis radio, he said he expects ...

Back in the seventies, eighties and nineties, New Year’s Day editorials, like the messages of politicians and parties, expressed the hope that it would be the year of the ...

A deal regarding the delivery of the floating storage and re-gasification unit (Fsru) that is part of the liquefied natural gas (LNG) project at Vasiliko has been reached by the ...

Nicosia said on Tuesday it has received no fresh proposal regarding the export to Cyprus of natural gas from Israeli offshore fields following media reports of a purported $1.5 billion deal ...

Partners in the Aphrodite natural gas field submitted on Sunday a new development plan for the field to the government. In an announcement, the partners (NewMed Energy, Chevron and Shell) ...

Energy Minister George Papanastasiou on Thursday discussed ways to “speed up” the exploitation of natural gas discoveries in Cyprus’ Exclusive Economic Zone (EEZ) with Egypt’s Petroleum Minister Karim Badawi. ...

The natural gas market should never have been labelled as emerging, as Cyprus could have already had 40 per cent cheaper energy if the market was open to competition, George Chrysochos ...

The European Commission has demanded that Cyprus repay almost €69 million which had been paid in grants for the crisis-ridden liquefied natural gas (LNG) terminal project at Vasiliko, the energy ministry ...

The Vasiliko liquified natural gas (LNG) project is “not shipwrecked” President Nikos Christodoulides said on Tuesday after widespread speculation that the project’s future was looking increasingly dire. Christodoulides, in ...

Cyprus aims to conclude construction works for the Liquified Natural Gas (LNG) terminal in Vasiliko by the end of 2024 as this would assist the efforts to reduce electricity generation costs ...

The CPP-Metron Consortium Ltd (CMC) is set to resume construction of an LNG terminal in Vasiliko over the weekend, it emerged on Friday. During a meeting between CPP representatives from ...

Leaving aside the issues of how the doomed LNG project was awarded, the key issue is to recover and complete it Much has been said and written about the debacle ...