Cypriot consumers were warned to brace themselves for more hikes to their electricity bills, as the Electricity Authority of Cyprus (EAC) said they expect increases in line with an upward trend in
Greece and Saudi Arabia have agreed to set up a jointly owned company that will look at linking their power grids, taking the first step in their plan to supply Europe with
The construction of a petroleum products storage terminal by 2025 is considered a project of exceptional importance for Cyprus’ strategic energy autonomy, said Energy Minister George Papanastasiou. On Monday, he addressed the annual General
The Finance and Energy Ministries have approved a grant scheme, “Photovoltaics for all”, encouraging homeowners to install solar systems on their roofs. With the latest scheme promoted by the government, any homeowner
Nicosia and Chevron International reaffirmed that developing the Aphrodite offshore natural gas field in Cyprus’ Exclusive Economic Zone (EEZ) is of “strategic importance”. The issue was discussed during a meeting that President Nikos Christodoulides
Fuel prices are set to increase by up to 10 cents per litre by the end of the month due to the reduction in global production, said the Petrol Station Owners Association.
Financial investors have added exposure to crude oil as a result of the tightening oil market and to benefit from higher roll returns, with the futures curve now more strongly downward sloped,
Cyprus has the necessary know-how for developing Renewable Energy Sources that will contribute to the production of green hydrogen and the geostrategic position for the import of hydrogen to Europe, experts said.
Cyprus was the country with the second largest share of the population, declaring they could not afford to keep their home adequately warm, according to Eurostat data. Last year, Cyprus had double
Oil prices surged to over $90 a barrel this week as Saudi Arabia and Russia extended their 1.3 million barrel per day oil cut through to December. The oil price has hit the highest