Energy Minister George Papanastasiou believes developing infrastructure to harness the natural wealth in the Cypriot Exclusive Economic Zone (EEZ) is critical. He argued that while Cyprus boasts significant natural gas reserves, the lack
Energy Minister George Papanastasiou is confident that a dispute with US energy giant Chevron over the commercial exploitation of Aphrodite’s untapped natural gas will end with a win-win agreement. In comments to
Cyprus’ investment footprint in the energy sector is small but not insignificant, with expected ventures at over €16 billion for the decade 2021-2030, experts said. At the 11th Energy Symposium, the discussion focused
Successive governments have declared for over a decade that they want to develop the island’s onshore and offshore resources for Cyprus to become an energy hub, linking the Middle East, northern Africa,
Japan’s Mitsui said the world lacks enough LNG for energy transition. Announced natural gas projects in the world still won’t make up for the supply needed when considering the energy transition that
Oil prices surged by 5% following Hamas’ unexpected attack on Israel over the weekend, but investors need to avoid knee-jerk reactions, warned the CEO of a leading independent financial advisory and fintech.
From mid-2019, when the US showed interest in the trilateral cooperation process between Cyprus, Israel and Greece as part of the “3+1” initiative, the natural gas exploration and upstream utilisation was seen
The EuroAsia interconnection project must move forward. The future of energy worldwide, and in Cyprus, is green energy and renewable energy sources (RES). We cannot increase the penetration of RES by more
Cypriot consumers were warned to brace themselves for more hikes to their electricity bills, as the Electricity Authority of Cyprus (EAC) said they expect increases in line with an upward trend in
The Finance and Energy Ministries have approved a grant scheme, “Photovoltaics for all”, encouraging homeowners to install solar systems on their roofs. With the latest scheme promoted by the government, any homeowner
