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


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

More natgas investments needed

The Group of Seven energy ministers have agreed that new investments in natural gas are needed because of the energy fallout from Russia’s invasion of Ukraine. The G7 statement, released on April


Oil prices volatile to output decisions

Global energy markets continue to be volatile, with major producers saying their cartel decisions to cut production and hike prices were justified. Saudi Arabia will keep supplying at least several refiners in


Fuel tax subsidy halved from May

The government has decided to continue subsidising fuel prices at the pumps by extending a reduction on consumption tax for another two months. The Finance Ministry announced on Wednesday that the government