Energy - Page 15

EU tells Cyprus to reduce fossil fuel use

The European Commission recommends that Cyprus speeds up the implementation of its recovery and resilience plan by reducing reliance on fossil fuels and developing electricity interconnections. The country-specific recommendations in the 2023

26th May 2023

Energy/Europe

Italian parliament supports EastMed pipeline

The Italian parliament’s Foreign Affairs Committee called on its government to work with the countries (Cyprus, Greece and Israel) involved in the EastMed gas pipeline to assess its development prospects. According to

25th May 2023

Energy

Nicosia says Turkey’s consent not needed for EastMed pipeline

The government does not share the views of Eni CEO Claudio Descalzi, who argued that the EastMed pipeline needed Turkey’s approval, said Energy Minister George Papanastasiou. In a statement to CNA, the

22nd May 2023

Energy

Pump prices at lowest level since July 2022

Fuel prices at the pumps have reached their lowest ebb since the record highs in July last year; petrol is expected to drop two to three cents in the coming days. According

19th May 2023

Energy

Major gas firms eager on Israel-Cyprus pipeline

Two major international oil and gas companies have expressed interest in Israeli-Cypriot plans to build a pipeline that would convey offshore natural gas to Cyprus, where it would be liquefied for export

18th May 2023

Energy

Israel eyes gas pipeline to Europe via Cyprus

During his meeting with President Nikos Christodoulides, Israeli Prime Minister Benjamin Netanyahu discussed building a pipeline to transport Israel’s natural gas reserves to an LNG plant that will be constructed in Cyprus

15th May 2023

Cyprus/Energy

Energy markets see prices stabilise

Portfolio investors and fund managers have dumped petroleum futures and options, reversing the buying frenzy inspired by the production cuts announced by Saudi Arabia and its OPEC-plus allies at the start of

15th May 2023

Columnists/Comment/Energy/Markets

Fuel tax freeze to stay until end-June

President Nikos Christodoulides has decided to keep a state subsidy on fuel prices at the pumps unchanged, despite an earlier decision to halve it in May that would have pushed prices up

3rd May 2023

Cyprus/Energy

Electricity prices rise above EU average

In the second half of 2022, average household electricity prices in Cyprus rose sharper than the EU average, from €23 per 100 kWh to €32.6 per 100 kWh, while Europe went from €23.5

27th April 2023

Energy

DISY moves to keep 100% fuel subsidy

Main opposition party DISY is attempting to keep a state subsidy on fuel prices at the pumps by tweaking a Finance Ministry bill aiming to halve it in May. In April, the

26th April 2023

Cyprus/Energy