The European Investment Bank has approved €76 mln to finance the construction of a new power plant outside Limassol by the Electricity Authority of Cyprus for cleaner energy transition. According to an
Cyprus aims to become ‘climate neutral’ in 30 years by opening the electricity market, exploiting its natural gas resources, and becoming a major clean energy hub. Speaking at the 8th Energy Forum
Natural gas explorations south of Cyprus and near Egypt’s giant offshore gas fields will resume in the latter part of next year with the energy companies involved reassuring Nicosia of their plans.
The UK will end direct government support for the fossil fuel energy sector overseas, Prime Minister Boris Johnson said at the Climate Ambition Summit. The world-leading policy will see the UK end
European Union leaders pledged to expand a sanctions list against Turkish individuals targeted with travel bans and asset freezes over ‘illegal’ energy exploration in the eastern Mediterranean. Brussels stopped short of moving
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
