Israeli claims over potential output from the Aphrodite gas field arose from the demand by the owners of the Israeli offshore block Ishai, bordering Cyprus’ block12; they are entitled to a share
By Han Tan, Chief Market Analyst at Exinity Group Oil prices are cooling further from recent multi-year highs following the EIA’s raised forecasts for US production this year and next, which they
The Auditor-General (AG) took the unprecedented step of issuing a statement, more or less proclaiming the delayed LNG import project risks becoming the victim of ‘blackmail’. The AG’s comments are very serious
Cyprus Energy Minister Natasa Pilides is confident the €300 mln Vasiliko LNG import terminal will be completed in the summer of 2023, despite contractors threatening to pull out over extra costs. In
Israel warned it would intervene if energy companies licensed to commercially exploit the bordering Aphrodite and Yishai gas fields do not resolve their dispute by March 4. According to the Jerusalem Post,
Motorists must dig deeper into their wallets when filling up their vehicles with fuel as pump prices continue to rise, the Cyprus Consumers Association (CCA) said on Monday. In comments to the
The Audit Office has denied claims it was to blame for delays in constructing an LNG terminal, arguing its recent intervention was to stop Cyprus from being ‘blackmailed’ by the Chinese-led contractors.
The Toulouse Declaration marks a new chapter in Europe’s journey towards aviation’s net-zero 2050 goal; airports across the continent — including Larnaca and Paphos – have emerged as strong voices driving the
Last year’s sharp rise in natural gas prices across Europe, which inevitably hit electricity prices, left a sour inheritance to Greek households and businesses. As summer gave way to autumn, electricity prices
Despite recording the third biggest increase in the share of renewable energy in transport, Cyprus is ranked sixth from the bottom among EU member states, missing its 2020 target. Environmentalists say last-minute
