Cypriot consumers will see their electricity bills deflate slightly as a 2.2% reduction is expected on their December fees, as fuel prices drop internationally. In statements, the Electricity Authority’s (EAC) spokesperson Christina
High fuel costs have subsided as pump prices at petrol stations have dropped by three to four cents per litre. Confirming the drop, Star Oil’s CEO George Petrou said that all petrol
President Nicos Anastasiades believes Cyprus could transport natural gas sooner to Europe if Brussels invested in constructing the necessary infrastructure. In an interview with Germany’s Die Welt newspaper, he argued the EU
Cyprus Electricity Authority staff staging a 12 hour-strike Wednesday were accused of exploiting the pre-election period at the public’s expense. Trade unions are protesting the government’s “unwillingness to hire the necessary staff
Finance Minister Constantinos Petrides shot down two bills tabled by the Opposition targeting excess profits with a 90% windfall tax on producers of Renewable Energy, arguing they lack fiscal logic. “The two
A few years back, energy discoveries and prospects were considered a ‘game changer’, not just elevating Cyprus’ role in regional issues but also helping resolve the island’s division. The lack of progress
Cyprus is determined to become a regional energy hub, exploiting resources, and ending its isolation, despite threats from Turkey, said President Nicos Anastasiades. Addressing the annual Cyprus Energy Symposium in Nicosia on
A new note from research consultancy Energy Aspects cautioned that US crude oil output from shale basins could peak in 2024. The note referenced five crude oil producers in the US considering
The global energy crisis continues with no end as the Russia-Ukraine war moves into winter. In Europe, natural gas prices have come down for now, but oil prices are edging upwards. Gas
The European Council has agreed to extend the regime of sanctions against Ankara in response to Turkey’s unauthorised drilling activities in the Eastern Mediterranean. EU sanctions will be extended for a further
