Electricity prices to stay high until 2023

No respite from rising energy prices is expected; following warnings of new increases in fuel prices, the Electricity Authority of Cyprus told customers their power bills would not drop before next year.

Eni-Total begin new drill off Cyprus

The Italian-French consortium Eni-Total has commenced new exploratory drilling for natural gas at Cronos-1 within Block 6 of Cyprus’ exclusive economic zone, the Energy Ministry announced. The ministry said the Tungsten Explorer

Turkey dreams of gas pipeline with Israel

Turkey is ready for energy cooperation with Israel after years of hostility, reviving a project to pipe Israeli gas to Europe as Ankara seeks to reduce its dependence on Russia. But the

Shock and awe of energy war

Ukraine’s decision on 11 May to stop some Russian gas flows to Europe has sent shivers down the markets. This happened at an entry point on Ukraine’s eastern border called Sokhranovka, which


Eni-Total to resume drilling in May

Energy consortium Eni-Total next drill venture in Cyprus’ Exclusive Economic Zone will probably take place in May as soon as the drilling rig completes its work in Egypt, Energy Minister Natasa Pilides said Thursday.

Cyprus to export natural gas by 2026

Cyprus is targeting its first natural gas exports by 2026 from the Aphrodite gas field, Energy Minister Natasa Pilides said. After a parliamentary committee hearing, Pilides said there are many options concerning

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