Cabinet extends energy subsidies

The Cabinet on Wednesday decided to extend a series of measures previously introduced to alleviate pressure on households from the hike in fuel prices and electricity. As the government’s acting spokesperson Niovi

Big Oil maintain output plans

International oil companies (IOCs) are maintaining their output plans, despite increasing demand and output of electric vehicles and emission targets that should match zero-carbon ambitions over the next two decades. ExxonMobil is

Government told more RES can’t be absorbed

The government will continue to subsidise the installation of solar panels in homes, despite warnings the system can’t absorb additional Renewable Energy Sources (RES), said Energy Minister Natasa Pilides. A joint letter

Energy markets to remain unstable

The Russia-Ukraine war continues to destabilise energy markets in 2023, as tight oil and gas supplies will persist and economic recovery, driven by China, leads to increased energy demand, impacting prices upwards.


Renewable use below EU average

In Cyprus, the share of gross final energy consumption from renewable sources improved to 18.4% in 2021 but is still below the European average of 21.8%. However, it has increased steadily since 2004


Cyprus surpasses renewable energy targets

Electricity generated from renewable energy sources in Cyprus could eventually make up as much as half of all power conveyed to other countries through an electricity cable linking the island’s power grids

Energy minister plays down LNG delays

Energy Minister Natasa Pilides has assuaged stakeholders’ and MPs’ concerns over serious delays in constructing a liquefied natural gas (LNG) terminal. The project, which has seen its cost rise from €290 mln

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