Brussels will impose more sanctions against Turkey over its drilling activity in the eastern Mediterranean but Cyprus and Greece urge EU leaders to make them tougher. If agreed at a summit on
The future of East Med gas markets will be decided in the next couple of months, based on the outcome of the EU-Turkey discussions and the ongoing integration of the EMGF countries.
By Hussein Sayed, Chief Market Strategist at FXTM Crude oil futures were trading lower Monday morning as market participants closely watched OPEC members and their allies begin a two-day meeting to discuss
Cyprus’ stalled oil and gas exploration programme will resume in mid-2021, although the pandemic has made drilling projects “increasingly complex,” said Energy Minister Natasa Pilides. With the outbreak of the pandemic energy
Opening up the Cyprus electricity market, long touted as the only way that Cypriots can enjoy cheaper and greener supply as competition works in favour of consumers, is proving to be an
The Cyprus Electricity Authority (EAC) has a very important role in market reform, contributing to the country’s sustainable economic growth using cleaner energy sources, said Energy Minister Natasa Pilides. During an online
President Nicos Anastasiades believes Cypriots will soon be paying less for electricity once the market opens up and Cyprus’ natural gas resources start flowing to the LNG terminal being built. Anastasiades expressed
Greek Prime Minister Kyriakos Mitsotakis has hailed the importance of the Greece-Cyprus-Egypt trilateral cooperation, based on energy interests, for ensuring stability in the region. In joint statements with President of Egypt Abdel
As regional tensions rise over natural gas deposits off Cyprus, the dispute could be a “wasteful fight” as extracting the reserves may lead to an increase in greenhouse gas emissions undermining the
Nicosia on Wednesday demanded that Turkish seismic research vessel Barbaros – hunting for oil and gas reserves – immediately ceases its illegal activity in Cyprus’ exclusive economic zone. A maritime notice (NAVTEX)
