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
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
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
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
The Spanish EU Presidency supports energy cooperation between Cyprus and Israel, said the Spanish Ambassador Gabriel Ferrán Carrión, during a presentation of Spain’s priorities as EU Council chair. On current energy cooperation
