Electricity bills deflate slightly

Cypriot consumers will see their electricity bills deflate slightly as a 2.2% reduction is expected on their December fees, as fuel prices drop internationally. In statements, the Electricity Authority’s (EAC) spokesperson Christina

President pulls out energy card in Germany

The Eastern Mediterranean, including Cyprus, can be an alternative energy source for Europe’s growing needs, President Nicos Anastasiades said in Berlin. Europe’s energy crisis was discussed when Anastasiades met the President of


Energy back on Cyprus agenda

A few years back, energy discoveries and prospects were considered a ‘game changer’, not just elevating Cyprus’ role in regional issues but also helping resolve the island’s division. The lack of progress


Cyprus energy push despite Turkish threats

Cyprus is determined to become a regional energy hub, exploiting resources, and ending its isolation, despite threats from Turkey, said President Nicos Anastasiades. Addressing the annual Cyprus Energy Symposium in Nicosia on


Labour, energy costs stifling businesses

High labour costs, plus access to energy and raw materials, are the main challenges expected to be faced by Cypriot businesses in 2023, based on the Eurochambres Εconomic Survey. The Cyprus Chamber

US facing energy crunch

A new note from research consultancy Energy Aspects cautioned that US crude oil output from shale basins could peak in 2024. The note referenced five crude oil producers in the US considering


Low natural gas prices won’t last

The global energy crisis continues with no end as the Russia-Ukraine war moves into winter. In Europe, natural gas prices have come down for now, but oil prices are edging upwards. Gas


Cyprus-Lebanon agree on energy issues

Updating a Cyprus-Lebanon agreement on the demarcation of their exclusive economic zones (EEZ) was discussed by President Nicos Anastasiades and Lebanon’s Prime Minister Najib Mikati on the sidelines of the COP27 Summit.


Energy terrorism meets sky porn

When Putin launched his ‘special operation’ to dismantle Ukraine as a sovereign state, it soon became clear it would not be over by Christmas. The Kremlin war machine (not sanctioned by the


Cyprus can help solve EU energy crunch

Budapest believes Cyprus’ yet untapped natural gas finds can help resolve Europe’s energy crisis instead of price caps and sanctions on Russian energy, said Hungary foreign minister Péter Szijjártó Monday. Cyprus’ gas

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