Energy

OPEC+ facing hard choices

By Hussein Sayed, Chief Market Strategist at FXTM Crude oil futures were trading lower Monday morning as market participants closely watched OPEC members and their allies begin a two-day meeting to discuss

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COVID19: Cyprus gas search to resume in mid-2021

Cyprus’ stalled oil and gas exploration programme will resume in mid-2021, although the pandemic has made drilling projects “increasingly complex,” said Energy Minister Natasa Pilides. With the outbreak of the pandemic energy

Delays in liberalising electricity supply

Opening up the Cyprus electricity market, long touted as the only way that Cypriots can enjoy cheaper and greener supply as competition works in favour of consumers, is proving to be an

Cyprus seeks to promote cleaner energy

The Cyprus Electricity Authority (EAC) has a very important role in market reform, contributing to the country’s sustainable economic growth using cleaner energy sources, said Energy Minister Natasa Pilides. During an online

Opening up energy market will bring down bills

President Nicos Anastasiades believes Cypriots will soon be paying less for electricity once the market opens up and Cyprus’ natural gas resources start flowing to the LNG terminal being built. Anastasiades expressed

Mitsotakis hails Greece-Egypt-Cyprus alliance

Greek Prime Minister Kyriakos Mitsotakis has hailed the importance of the Greece-Cyprus-Egypt trilateral cooperation, based on energy interests, for ensuring stability in the region. In joint statements with President of Egypt Abdel

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Cyprus-Greece-Israel discuss energy partnership

Cyprus Foreign Minister Nikos Christodoulides is in Athens Tuesday to participate in the trilateral meeting with his colleagues from Greece and Israel to discuss key regional issues like energy cooperation. High on

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