The government is optimistic about a positive conclusion in its lengthy negotiations with Chevron in commercialising untapped Aphrodite natural gas. There has been speculation that negotiations with Chevron were headed for disaster
Moody’s Investors Service placed the deposit ratings of five Israeli banks on review for downgrade, Tuesday, following the rating agency’s similar view of the sovereign A1 long-term issuer ratings last Thursday. It
The world’s largest oil and gas companies saw their combined profits slump by a massive $29.2 bln year-on-year, as a sharp decline in gas demand and lower oil prices significantly cut down
Japan’s Mitsui said the world lacks enough LNG for energy transition. Announced natural gas projects in the world still won’t make up for the supply needed when considering the energy transition that
Oil prices edged above $90/barrel this week, even as the US and Venezuela agreed to a deal that would ease restrictions in exchange for a freer presidential election in the country next
The Electricity Authority of Cyprus (EAC) is at odds with the Energy Regulatory Authority (CERA), which blocked its move to increase electricity bills by a whopping 25%, fearing consumer outrage. According to
Oil prices will surge further, impacting the global economy and investors, if U.S. President Joe Biden fails to cool rising tensions in the Middle East during his visit to the region, warned
Cyprus has the potential to meet 40% of its energy demand through solar power by 2030, Director-General of the International Renewable Energy Agency (IRENA) Francesco La Camera said. He told the Cyprus
High gas storage and steady liquid natural gas (LNG) imports will secure the coming winter’s gas supply in Europe, predicts a Moody’s analysis. It said: “Our base case is that gas supply
Cyprus must develop the infrastructure for power generation and an outlet for natural gas exports to international markets, said Energy Minister George Papanastasiou at the 14th Limassol Economic Forum. He said in his intervention, there
