Cyprus Electricity Authority announced a €150 mln deal with Greek firm Terna to construct a natural gas power generating unit at the Vasiliko plant. The authority said the “new, modern and efficient”
Cyprus recorded the third-largest share (89%) of fossil fuels in gross available energy in the European Union in 2020, according to the latest data from Eurostat. Malta (97%) was the EU Member
There is no political aspect in the US position on the EastMed gas pipeline; Washington favours projects that enable clean energy transition and connect markets in the Eastern Mediterranean. This is what
Consumers should prepare for more hikes in their electricity bills, as the Cyprus Electricity Authority (EAC) is liable to pay €183 mln for greenhouse gas emission rights in 2022, 150% over the
As climate change nears the point of no return, world leaders are scrambling to respond by announcing ambitious carbon emission targets and clean energy policies. Achieving the green energy transition through decarbonisation
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,
