Cyprus was the country with the second largest share of the population, declaring they could not afford to keep their home adequately warm, according to Eurostat data. Last year, Cyprus had double
Oil prices surged to over $90 a barrel this week as Saudi Arabia and Russia extended their 1.3 million barrel per day oil cut through to December. The oil price has hit the highest
The European Commission thinks the natural gas crisis has gone away. However, many energy-intensive companies have either closed or reduced production after being unable to cope with higher energy prices, especially as
Greek energy firm Energean Plc announced that its production has tripled for the first six months of 2023 compared to last year. Production was 105.9 kboed (thousands of barrels of oil equivalent
Cyprus, Greece and Israel have agreed to deepen their regional energy cooperation to export to Europe, especially natural gas supply and renewables, during a leaders meeting in Nicosia on Monday. “We agreed
Israel’s prime minister has floated the idea of building infrastructure projects such as fibre optic and electricity cables linking countries in Asia and the Arabian Peninsula with Europe through Israel and Cyprus.
Households have seen their power bills more than double since 2020, as Cyprus has become the seventh most expensive in the European Union for electricity. Based on official data from the Cyprus
Cyprus rejected Chevron’s plan to develop the island’s offshore Aphrodite natural gas field, but Energy Minister George Papanastasiou is hopeful a compromise can be found. Papanastasiou told Bloomberg that the concerned parties
The cost of energy in Cyprus has long been expensive, whether fuel for transport or electricity for household and commercial use. And nobody seems to care. When prices at petrol pumps peaked
Energy Minister George Papanastasiou said the energy sector in Cyprus “is currently facing significant challenges” with the high cost of power generation. He told the diaspora conference that addressing these challenges was
