Oil prices fell in October due to mixed data amid weakening demand in China and the US, even after OPEC and the IEA forecast demand growth this year and next. The latest
China is expected to account for almost half of the total growth in global gas demand between 2022 and 2026. A new UN report, ‘The Production Gap – Phasing down or phasing up’, said that
The Independent Power Transmission Operator of Greece (IPTO) intends to establish a subsidiary Special Purpose Vehicle (SPV) to facilitate the potential entry of the government and other potential investors into the electricity
Strange developments on the EuroAsia electricity cable project after the Energy Minister declared that despite its criticism, the Cyprus government will participate after all. This was done by redirecting the €100 mln
Final decisions on developing the Aphrodite gas field will be made on November 20, NewMed Energy said in a statement to the Tel Aviv Stock Exchange. It said the consortium partners will
Energy Minister George Papanastasiou believes developing infrastructure to harness the natural wealth in the Cypriot Exclusive Economic Zone (EEZ) is critical. He argued that while Cyprus boasts significant natural gas reserves, the lack
Energy Minister George Papanastasiou is confident that a dispute with US energy giant Chevron over the commercial exploitation of Aphrodite’s untapped natural gas will end with a win-win agreement. In comments to
Nicosia is sticking to its guns over a dispute in the commercial exploitation of the estimated 4.4 trillion cubic feet of Aphrodite’s untapped natural gas, ahead of the 5 November deadline. Chevron
Clay Neff, Chevron’s president for Africa and Latin America Exploration and Production, will visit Cyprus on Friday, days before the expiration of the government deadline for negotiations over the revised development plan
Cyprus’ investment footprint in the energy sector is small but not insignificant, with expected ventures at over €16 billion for the decade 2021-2030, experts said. At the 11th Energy Symposium, the discussion focused
